U.S. Dollar Gains Ground As Brent Oil Hits $100: Analysis...

U.S. Dollar Gains Ground As Brent Oil Hits $100: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Published Jul 23, 2026 12:56 PM Last refreshed Jul 29, 2026 9:49 AM Source: EODHD Event Time: Jul 23, 2026 12:56 PM

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U.S. Dollar Gains Ground As Brent Oil Hits $100: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/u-dollar-gains-ground-brent-165653665.html
Published: Jul 23, 2026 12:56 PM

U.S. Dollar Moves Higher Amid Rising Demand For Safe-Haven AssetsDXY 230726 4h Chart U.S. Dollar Index gains ground as traders focus on the strong rally in the oil markets and react to the better-than-expected Initial Jobless Claims report. The report indicated that 187,000 Americans filed for unemployment benefits in a week, compared to analyst forecast of 212,000. Oil prices gained 6.5% as Houthis attacked vessels linked to Saudi Arabia. Brent oil climbed above the psychologically important $100 level. As a result, demand for safe-haven assets increased, which was bullish for the U.S. dollar. U.S. Dollar Index climbed above the resistance at 101.15 – 101.30 and is trying to settle above th...

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.