NASDAQ

Yahoo Finance @YahooFinance · 2026-07-23

U.S. Dollar Gains Ground As Oil Prices Test New Highs: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Rising demand for safe-haven assets provided support to the American currency.

Quick take

The US Dollar Index gains ground as oil prices rise, with WTI oil above $84.00. Treasury yields move higher, with the 2-year yield above 4.25%, supporting the US dollar. The index aims to settle above 101.15-101.30, targeting 101.80-102.00.

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