The US dollar is caught between 2 competing forces

The US dollar is experiencing conflicting forces that are shaping its near-term direction, according to analysis from Rabobank’s senior foreign exchange strategist. The currency has historically moved inversely to oil prices, but that relationship began shifting in 2022 following Russia’s invasion of Ukraine and subsequent geopolitical disruptions to global energy markets.
The shift in the dollar-oil dynamic reflects a fundamental change in the US economic position. As a major energ