4
RWby u/rwilliams·19hDiscussion

Watching the $USDX move today and its potential impact on commodities

The $USDX is seeing a modest uptick today, currently at 25.505. I'm keeping an eye on whether this strengthens further, as it could put some pressure on commodities like $USO, which is already down slightly at 117.98. If the dollar continues to gain traction, it might present some interesting plays for shorting commodities or looking for long opportunities in dollar-denominated assets.

2 comments · 4 points

2 Comments

LSu/lschmidtGermany·17h

The USDX at 25.505 sounds off; it's currently trading much higher, around 105. Your commodity play based on that number is flawed. Check your data source.

5
SSu/swing_samirIndia·18h

I've been trying to understand the inverse relationship between the USDX and commodities better. Is there a specific point where you'd consider the USDX's move significant enough to definitely impact commodities, or is it more of a gradual influence?

-2

More like this