ICEUSA_EOD:DX1!   US DOLLAR INDEX FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)
Crude oil and the US dollar index in the last six trading sessions
Between June 7 and June 14, 2016, crude oil ( USO ) fell by ~3.7% while the US Dollar Index ( UUP ) rose by around 1.2%. The US Dollar Index initially fell after weak US non-farm payroll data were released on June 3, 2016. This could delay the timing of the next interest rate hike.

However, after making a low of $93.59 on June 8, the dollar index started to recover. On June 8, crude oil touched its 2016 high of $51.23.

The correlation between crude oil and the dollar index in the last six trading sessions was approximately -80.6%. This shows the degree of the inverse relationship between the two assets. Apart from mainstream news, recent movements in crude oil have also been fueled by the fall in the dollar index .

Correlation of crude oil and the US Dollar Index since 2007
Between September 2007 and April 2013, crude oil ( USO ) and the US Dollar Index’s ( UUP ) one-month correlations were positive in only a few instances. Their correlation coefficients were largely negative for these five and a half years.

What’s the correlation between crude oil and the US dollar index?
Crude oil’s negative correlation with the US dollar index between September 2007 and April 2013 clearly implies that crude oil had an inverse relationship with the US Dollar Index .

However, from April 2013 to date, crude oil and the dollar index’s one-month correlations have been more bidirectional. In the last three years, these one-month correlations have fluctuated between -64% and 43%. This fluctuation could indicate that fundamental drivers such as Saudi Arabia’s decision not to cut production, US shale oil producers’ cost and production dynamics, US inventory data, and other fundamental news sometimes had greater impacts on crude oil than on the dollar.
Kommentar: Transformed from a bearish to sideways view on the dollar to a bullish scenario
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden