The U.S. dollar remains near a multiyear peak despite projections for the domestic economy to slow in the months ahead, a continuing challenge for bullish commodity investors as the currency keeps contributing to lower materials prices.
The WSJ Dollar Index, which tracks the dollar against a basket of 16 other currencies, inched down less than 0.1% to 91.37 Tuesday, staying 0.7% below its 2019 high hit Sept. 30. The dollar rose to its highest level since March 2017 that day. It is still up nearly 2% for the year.
