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Dollar Rises With Energy Prices

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Dollar Rises With Energy Prices

B
Benzinga

1 Views • Oct 06, 2021

Description

The U.S. Dollar continues to rise as spiking energy prices worry investors. When energy prices rise, inflation and interest rate hikes could follow. As a result, the Dollar index rose to 94.354. Plus, investors are waiting on jobs data that could lead to further belt-tightening from the Federal Reserve. Additionally, the kiwi fell 1% to $0.6889, and the Australian Dollar fell over half a percent to $0.7243. The Euro fell below $1.16, and the Yen fell to a 1-week low of 111.79 per dollar.