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| Alias Born | 10/26/2001 |
Thursday, November 15, 2001 11:41:14 AM
A gentleman once pointed out to me an inverse correlation between the US $$$ & oil prices. Wondering if it still holds true.
I would say that depends on your perspective. If you look at the performance of the US$ Index against Oil, there really is no overwhelming trend. This may be due in part to the launch of the Euro in 1999. Since it's inception, the Euro has weakened against the US$. FWIW, here's Oil and the USD Index over the last decade or so. **It's not perfectly aligned, but it's pretty close.
I would say that depends on your perspective. If you look at the performance of the US$ Index against Oil, there really is no overwhelming trend. This may be due in part to the launch of the Euro in 1999. Since it's inception, the Euro has weakened against the US$. FWIW, here's Oil and the USD Index over the last decade or so. **It's not perfectly aligned, but it's pretty close.
Oil-Brent Vs. US$ Index (Monthly data)
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