
The dollar index remained near 101.67 after falling as lower oil prices and hopes for progress in US-Iran talks supported risk appetite. Traders were also awaiting October US CPI, while analysts cautioned that the geopolitical risk premium could return if negotiations falter.
The softer dollar can lend support to dollar-priced commodities, while a reduction in Iran-related risk may ease energy prices. The currency direction remains sensitive to both CPI and developments in negotiations.
After 33 past bearish geopolitics events, US Dollar (Broad) moved a median -0.6% over 5 sessions (33% higher; middle half -1.5% to +0.2%), and -0.8% over 20.
After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% over 20.
After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.