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U.S. Dollar Index Rises to 101.297 Amid Red Sea Shipping Disruptions on July 23

Commodities Forex

2026-07-23 14:23:24

EURUSD-0.26%

According to Yonhap Infomax, on July 23, the U.S. Dollar Index (DXY) rose to 101.297, up 0.175 points (0.173%) from the previous close of 101.122, as shipping disruptions in the Red Sea and Strait of Hormuz drove up international oil prices. Pro-Iran Houthi forces claimed responsibility for military operations against Saudi oil tankers, intensifying regional tensions.

West Texas Intermediate crude for September delivery surged 4.5% to around $90 per barrel, marking five consecutive days of gains. The broader market also reflected dollar strength across major currency pairs, with the EUR/USD falling 0.181% to 1.13906 and USD/JPY rising 0.209% to 163.489.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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