الدولار يرتفع مع أسعار الخام وعوائد سندات الخزانة

The dollar index (DXY00) is up by +0.22% today. The dollar is climbing today amid higher T-note yields, which are strengthening the dollar's interest rate differentials. Also, today's more than +2% increase in WTI crude oil prices is raising inflation expectations and may persuade the Fed to tighten monetary policy, a supportive factor for the dollar.

President Trump on Sunday signaled he's prepared to let economic pressure on Iran build rather than launch additional military strikes, saying the US was only "semi-negotiating" with Iran on the Strait of Hormuz and that the US blockade of Iran was deepening the country's financial woes.

More News from Barchart

The risk of a renewed flare-up across the Middle East remains high, which is providing safe-haven demand for the dollar. Another UAE tanker was targeted by an Iranian missile on Saturday while transiting the Strait of Hormuz. Also, on Sunday, Houthi militants in Yemen claimed an attack on Saudi Arabia's Jazan refinery.

The markets are discounting a 47% probability of a +25 bp rate hike at the next FOMC meeting on September 15-16.

EUR/USD (^EURUSD) is down by -0.09% today. The dollar's strength today is weighing on the euro. Also, the more than +2% increase in crude oil prices today is bearish for the Eurozone economy and the euro, as Europe imports most of its energy. Losses in the euro are limited after the Eurozone Aug Sentix investor confidence index rose more than expected to a 6-month high.

The Eurozone Aug Sentix investor confidence index rose +4.0 to a 6-month high of 0.9, stronger than expectations of -0.5.

The markets are discounting an 87% chance of a +25 bp ECB rate hike at its next policy meeting on September 10.

USD/JPY (^USDJPY) is up by +0.73% today. The yen tumbled to a 1-week low against the dollar today. The yen is under pressure today from a +2% jump in crude oil prices, which is bearish for Japan's economy and the yen as Japan imports more than 90% of its energy. Also, higher T-note yields today are undercutting the yen. In addition, today's +2% rally in the Nikkei Stock Index to a 2-week high curbed safe-haven demand for the yen.

The Japan July eco watchers outlook survey rose +0.1 to a 5-month high of 45.8, although weaker than expectations of 46.1.