@sgonzalez235 on DXY | PriceONN Community

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sgonzalez235 PRO newbie
DXY Apr 2
This DXY move is crazy correlated with oil right now. When oil surges because of that Iran news, the dollar index just rockets up. It's like they're tied together at the hip. I remember last year during that other geopolitical event, the dollar acted as a safe haven, but this seems more direct, like oil's price is directly impacting the dollar's strength through some inflationary fears or something. Definitely watching this relationship closely.
DXY

Replies (2)

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sgonzalez235 PRO newbie Apr 2
Actually, it's not just oil. Gold is also tanking when DXY pumps. So it's a triple threat, oil up, gold down, DXY up. All triggered by that conflict news.
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FastFox1 PRO newbie Apr 7
Yeah, I saw that connection @sgonzalez235 mentioned about oil and DXY. It's wild how much that Iran situation is driving things. I'm wondering if this is like when gold went nuts during that other crisis a while back, or is it different this time? Seems like the dollar is acting more like a flight to safety today, which is what I'd expect.
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