Dollar index eyes 100 levelU.S. Dollar Currency IndexTVC:DXYFOREXcomToday's recovery in oil prices as hopes of an immanent peace deal fades, has helped to fuel a fresh rally in the dollar. We have also seen yields push higher again after their drop from mid-last week. The latest rise in yields has helped to keep DXY above 99.00 and on course to potentially head towards 100.00. Next support below 99.00 is at 98.58 where the 200-day MA converges with old resistance. In recent months, global yields have surged higher because of the spike in oil prices creating inflation around the world. We saw a big rise in US yields after US CPI and PPI inflation data came out much hotter than expected last week. Now the focus us is turning to Core PCE on Thursday. If this also points to above-forecast inflationary pressures again then we could see renewed gains for the dollar, given that this is the Fed’s preferred inflation gauge. By Fawad Razaqzada, market analyst with FOREX.com