Dollar Rallies on US Economic Strength and Soaring Crude Prices
The dollar index (DXY00 ) rallied to a nearly 1.5-year high on Thursday, finishing up +0.64%. Soaring T-note yields strengthened the dollar’s interest rate differentials after the 10-year T-note yield rose to a 24-year high of 5.34% on Thursday. Also, signs of strength in the US labor market are h