US dollar hovers near 2026 highs as oil's rise spurs hawkish central bank bets - Reuters

Reuters
March 12, 2026
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1 min read

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The US dollar is near 2026 highs due to rising oil prices and central bank policies.

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A stronger US dollar could make imported goods cheaper but make US exports more expensive for international buyers.

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The US dollar traded near 2026 highs as rising oil prices fueled expectations that central banks will maintain hawkish monetary policies. Markets are betting on continued aggressive interest rate stances from major central banks in response to inflationary pressures from higher energy costs.

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