DXY Gains on Fed Rate Worries and Middle East Risk Hits

Dollar Volatility Takes Centre Stage thanks to Geopolitics & Fed Pricing Worries
The US Dollar Index is taking a wild ride because of ongoing tensions in the Middle East which are making investors think about where to hide their cash. Just when you thought things were calming down a bit, Washington’s mixed signals have come back on the table – which is why we’ve seen the dollar jump up again after a brief dip earlier in the week.

Of course, all this has added to worries about inflation caused by oil prices – which are now making folks think that the Federal Reserve might just hold off on easing up, especially after some pretty solid US data on employment and retail activity came in.