higher oil mean lower dollar?
I've had this notion for some time. Oil rallied yesterday (August 19) after oil inventory reports showed lower oil on hand. This news at first hit the dollar then helped oil prices it seems. Buying in equity markets was also triggered as traders are willing to take on more risk. Watch action today and tomorrow on the dollar, as this will show if the dollar will continue the down trend or start going back up.
The U.S. stock market still appears bearish.
