Posted 1/29/2024, 2:24:06 AM
Dollar Rises While Oil Jumps on Supply Concerns Ahead of Fed Policy Meeting
- The dollar index inched higher to 103.55 as strong US economic data bolstered confidence ahead of the Fed policy meeting
- Oil prices jumped 1% on fuel supply concerns after a missile struck a tanker in the Red Sea
- Investor attention will be on the Fed's two-day policy meeting starting Tuesday and upcoming economic data
- The euro and Sterling were little changed while the yen strengthened slightly against the dollar
- Chinese equities hope to extend gains after regulators announced halting lending shares for short selling from Monday