Dollar rises vs. main rivals as stocks, oil rebound

The U.S. dollar edged higher against its main rivals Thursday as oil prices stabilized, reviving investors’ appetite for risky assets like stocks and commodity-linked currencies and dampening demand for haven assets like the yen.

The ICE U.S. dollar index DXY, -0.12% a measure of the dollar’s strength against a basket of six rival currencies, was up 0.2% on the day at 99.0850 late Thursday in New York—having trimmed nearly its entire decline from Thursday’s Asia trading session.

One dollar bought USDJPY, -0.19% ¥118.14 Thursday, compared with ¥117.41 late Wednesday in New York. Meanwhile, the euro EURUSD, +0.1196%  traded at $1.0863, compared with $1.0883 Wednesday, and the pound GBPUSD, -0.0624% traded at $1.4408, compared with $1.4410.

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