U.S. Dollar Index Rises to 100.623 on July 16 Amid Iran Geopolitical Tensions, Oil Price Gains

According to Yonhap Infomax, the U.S. Dollar Index (DXY) rose to 100.623 on July 16 at 8:48 a.m. ET, up 0.108 points (0.107%) from the previous close of 100.515. The dollar strengthened amid rising geopolitical tensions involving Iran and potential Houthi blockade threats to Red Sea shipping lanes, coupled with gains in international crude oil prices. West Texas Intermediate (WTI) crude for August delivery traded above $80 per barrel.

Other major currency pairs also shifted: the dollar-yen rate climbed to 162.273 yen, up 0.043 yen (0.026%), while the euro-dollar rate fell to 1.14528 and the pound-dollar rate declined to 1.35025. Offshore dollar-yuan (CNH) was quoted at 6.7714 yuan, up 0.0034 yuan (0.050%).