Dollar Weakens with Crude Oil Prices

The dollar index (DXY00) is down 0.32% as weaker crude oil prices weigh on the currency. WTI crude is off more than 3%, easing inflation expectations and increasing the odds of easier Fed policy, both negative for the dollar. The move is meaningful for FX and macro markets but not a major system-wide catalyst.

Analysis

The dollar index (DXY00) is down 0.32% as weaker crude oil prices weigh on the currency. WTI crude is off more than 3%, easing inflation expectations and increasing the odds of easier Fed policy, both negative for the dollar. The move is meaningful for FX and macro markets but not a major system-wide catalyst.