The dollar is rising as inflation fears return after OPEC’s decision to voluntarily cut production

The dollar rose today, as fears about inflation returned after the announcement by major oil producers to cut production further.
The euro fell 0.44% to $1.0791, after touching a one-week low of $1.0788, while the Japanese yen fell 0.46% to 133.41 per dollar, and the pound sterling reached $1.2277, down 0.45%. The dollar increased 0.32% against the Swiss franc.
The dollar index, which measures the US currency against six major currencies, rose 0.078% to 103.01, crossing the threshold of 103 for the first time in a week.