The dollar was up 0.9 percent at $1.1518 on the euro, its highest since November. Risk-sensitive sterling and the Australian and New Zealand dollars fell roughly 1 percent versus the greenback, while Brent and US crude futures shot up 20 percent or more at their highest points. Jakartha post reported.
"Oil remains the transmission channel into inflation expectations, rates and currency markets, with the dollar’s resurgence echoing the 2022 energy crisis," said Bob Savage, head of markets macro strategy at BNY. "The week ahead will test whether markets continue to treat the current conflict as a contained shock or begin to price a more durable supply disruption."
