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What will happen to spot crude oil if the dollar rises?
First of all, we must understand that the unit of valuation of spot crude oil is the US dollar, so it is doomed that the rise of the US dollar will definitely have an impact on spot crude oil. First of all, the original $5 dollar has risen, and it may take $6 to buy it after the dollar rises. Then the purchasing power per capita may drop, in other words, things will go up in price, and I need to spend more money on them. Goods denominated in this currency will be in a state of negative consumption, which will produce bad news. As long as it is a dollar-denominated commodity, whether it is gold or crude oil, it will be bad, but everyone must understand that investment speculation is expected, just like the interest rate hike in June. Everyone knows that raising interest rates may be a foregone conclusion, so everyone must have guessed this wave of expectations. Then when the news of the real interest rate hike is announced, there may be a small decline at most, and then it will start to rise. After all, raising interest rates has been almost digested by everyone. Even now, many investors expect to raise interest rates quickly, which may become a bull market. I hope my answer can help you.