U.S. Dollar Gains Ground As Oil Prices Test New Highs: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. Dollar Gains Ground As Oil Prices Test New Highs: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/u-dollar-gains-ground-oil-164603715.html
Published: Jul 21, 2026 12:46 PM

U.S. Dollar Moves Higher Amid Rising Demand For Safe-Haven AssetsDXY 210726 4h Chart U.S. Dollar Index gains ground as traders react to rising oil prices. WTI oil moved above the $84.00 level amid rising tensions in the Middle East. Demand for safe-haven assets increased, which was bullish for the U.S. dollar. Treasury yields are moving higher as bond traders bet that high oil prices will force Fed to raise rates. The yield of 2-year Treasuries climbed above the 4.25% level, while the yield of 10-year Treasuries settled above 4.63%. Rising Treasury yields provided additional support to the American currency. Currently, U.S. Dollar Index is trying to settle above the resistance at 101.15 – 10...

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.