Dollar Gains as Oil Prices Rise on Middle East Concerns -- Market Talk
Dow Jones2026/09/29 06:530653 GMT - The dollar appreciates as oil prices rise on persistent concerns over supply disruptions stemming from the Middle East conflict. The U.S. is a net oil exporter while the dollar also benefits from its safe-haven role. The prospect of the Federal Reserve raising interest further in response to price pressures brought about by the conflict is also supporting the dollar. Investors will be assessing U.S. labor market data this week to gauge the outlook for rates. The Job Openings and Labour Turnover Survey will be released at 1400 GMT while the key nonfarm payrolls report is due Friday. The DXY dollar index rises 0.1% to 101.275, close to the eight-week high of 101.398 reached Thursday. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
September 29, 2026 02:53 ET (06:53 GMT)
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