Something funky is happening between oil and the dollar
Timothy A. Clary/AFP/Getty Image
Something funky is happening between oil and the US dollar.
Historically, there's been a pretty consistent correlation between the commodity's price and the currency.
Whenever the dollar strengthened, oil prices would fall and vice versa.
However, as Societe Generale's Global Head of Economics Michala Marcussen pointed out in a recent note to clients, something is a bit off right now.
From her note (emphasis ours):
"Looking... Читать дальше...