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Shorting Oil When Dollar Rises

Shorting Oil When Dollar Rises

ByOddmund Groette April 18, 2023

The price of oil is seen as a hedge against a falling dollar. If the dollar falls, the oil price should rise (or vice versa). What happens the next day if they go in tandem? Let’s test an oil and dollar trading strategy. If the dollar rises more than 0.25% (using UUP as a proxy)…

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