Dollar index hits highest level in 19 days amid U.S.-Iran tensions
The DXY rises to its highest in 19 days. Renewed U.S.-Iran hostilities continue to push oil prices higher, supporting the dollar versus a basket of currencies.
The DXY, which measures the dollar against a basket of currencies, rose to its highest level in 19 days as renewed U.S.-Iran hostilities continued to lift oil prices. The U.S. and Iran exchanged fire on Tuesday as the two countries continued to battle for control of the Strait of Hormuz.