# The Dollar Is Now More Correlated With Oil Than Some Petrocurrencies - Bloomberg

> A Bloomberg analysis says the dollar has become more closely correlated with oil than some oil-exporter currencies such as Russia's and Canada's. The link between oil and those petrocurrencies is weakening.

- Date: 2017-11-07 · published 2017-11-07T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/67899-the-dollar-is-now-more-correlated-with-oil-than-some-petrocurrencies-bloomberg
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Shifts in how the dollar tracks oil change how energy price moves pass through to currency-sensitive commodities. The effect on feed prices is limited.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-02-25 | [Why the U.S. Dollar Is More Robust Than It Looks - Bloomberg](https://feedsoft.ai/events/10599-why-the-u-s-dollar-is-more-robust-than-it-looks-bloomberg.md) | +0.9% | +1.7% |
| DXY | 2024-03-28 | [Currency Markets: A Decline in the Euro to Parity With the Dollar Beckons - Bloomberg](https://feedsoft.ai/events/31420-currency-markets-a-decline-in-the-euro-to-parity-with-the-dollar-beckons.md) | +0.0% | +1.6% |
| DXY | 2019-08-20 | [Trade Angst, More Than a Reluctant Fed, Is Buoying Dollar - Bloomberg](https://feedsoft.ai/events/57759-trade-angst-more-than-a-reluctant-fed-is-buoying-dollar-bloomberg.md) | +0.2% | -0.3% |
| DXY | 2025-09-17 | [Dollar Boost From Fed to Weigh on Asian Currencies, Analysts Say - Bloomberg](https://feedsoft.ai/events/23086-dollar-boost-from-fed-to-weigh-on-asian-currencies-analysts-say-bloomberg.md) | +0.4% | +1.5% |
| DXY | 2021-10-14 | [Why a top currency strategist decided now is the time to sell the dollar](https://feedsoft.ai/events/44746-why-a-top-currency-strategist-decided-now-is-the-time-to-sell-the-dollar.md) | -0.8% | -0.3% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2017-11-07/greenback-now-more-correlated-with-oil-than-some-petrocurrencies

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.