The U.S. dollar rose against most of its major rivals and Tuesday and the dollar index surged to a 22-month high, with upbeat results and an unexpected jump in new home sales triggering the move up north.
The sharp jump in crude oil prices following the U.S. government's decision to stop granting sanctions waivers to major importers of Iranian oil contributed as well the greenback's gains.
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Forex News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.