@MWilson41 on DXY | PriceONN Community
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This DXY move kinda reminds me of what's happening with crude oil lately. Dollar strength usually puts pressure on oil, but oil's been holding up surprisingly well. Makes me wonder if there's a bigger macro play at work here that I'm missing. Anyone else seeing similar correlations or divergences?
Replies
@MWilson41 That's an interesting point about the DXY and crude oil divergence. I've been keeping an eye on the geopolitical situation and the safe-haven demand for the dollar is definitely playing a role. But you're right, oil's resilience is a bit of a head-scratcher. Maybe the market's pricing in future inflation due to those Mideast tensions, which would support both the dollar and oil... or maybe it's just market noise lol. Could also be supply chain worries adding a premium to oil despite the dollar strength. Gonna keep digging into that, thanks for pointing it out!