About Piponomics

Economics play a huge role in the foreign exchange market. I enjoy looking at economic trends and trying to see how it affect currencies and life in general. I will post my thoughts and observations here. I'm throwing macroeconomics, forex trading, pop culture, and everyday life into a pot and hopefully the final product are lessons that are easy for you to consume.

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The Correlation between the $ and Crude Oil

Posted 22:48 29 January 2006 | Comments

Check out this chart. You'll see that there's a pretty tight correlation between the dollar and crude. When the black stuff rises, the dollar falls. And vice versa.

The black line represents crude oil futures and blue represents the US$ Dollar Index (inverted).