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fxAug 10, 2026, 7:56 PM

Dollar Firms, Oil Surges Over 6% as Hormuz Tensions Flare

The US Dollar Index gained 0.2% to above 99.80 on Monday, while crude oil rallied more than 6% amid ongoing Strait of Hormuz disruption fears.

DXY

The dollar traded broadly firmer to start the week, with the DXY index advancing about 0.2% and holding just above the 99.80 level.

Crude oil prices jumped over 6% as geopolitical concerns surrounding the Strait of Hormuz persisted, lending the greenback a safe-haven bid.

Source: FXStreet Forex News