A Weakening Dollar Could Boost Oil Prices and ‘DBO’
May 27, 2021 at 11:52 AM EDT
While a weakening dollar can strengthen commodities like gold, it can also be an indirect play on oil through assets like the Invesco DB Oil Fund (DBO). A weaker greenback means that other developed markets and emerging markets can purchase dollar-denominated assets like oil. In addition, tighter...