Dollar rises with oil and bonds
The value of the dollar rose again today, Tuesday, supported by fluctuations in oil prices and rising U.S. Treasury yields, leading to declines in major currencies such as the euro and the British pound. Amid concerns over inflation and expectations of an American interest rate hike, the two-year Treasury yield approached 5%, its highest level in two years. Meanwhile, Brent crude oil prices surpassed $106 per barrel amid doubts about the success of efforts to end military operations in the region. Morgan Stanley Bank forecasts that the dollar will continue to rise until the end of the year and into 2027.
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