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Dollar slips from 18-month high as oil prices fall

The US dollar retreated from an 18-month high as oil prices fell and investors reassessed artificial intelligence equity valuations. Markets awaited the upcoming US inflation data for clues on Federal Reserve monetary policy.

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U.S. dollar banknotes are seen in this illustration taken March 24, 2026. REUTERS/Dado Ruvic/Illustration

The United States dollar slipped 0.37% to 102.18 on Tuesday after touching an 18-month high of 102.61 on Monday, pressured by falling oil prices and cooling AI equity valuations.
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