Bloomberg Dollar Index Hits Daily High as Investors Focus on Rising Oil Prices

The Bloomberg Dollar Index rose more than 0.3%, reaching a new daily high of 1208.53 points, after plunging to nearly 1204 points when the US non-farm payroll report was released. WTI crude oil increased by $0.52 per barrel within 5 minutes, now quoted at $88.09 per barrel. Spot gold turned lower, approaching $5070, showing a surge and retreat trend since the release of the US non-farm payroll data—at one point climbing back above $5130.