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how strong usd affects this commodties

Energy Futures Prices

Real Time Streaming Futures Quotes
Commodity Month Last Prev. High Low Chg. Chg. % Time
Brent Oil May 23 82.64 82.66 83.59 82.06 -0.02 -0.02% 01:10:33
Carbon Emissions Mar 23 94.76 94.76 95.73 93.50 +0.00 +0.00% 08/03
Crude Oil WTI Apr 23 76.64 76.66 76.75 76.42 -0.02 -0.03% 01:10:30
Gasoline RBOB Apr 23 2.6898 2.6889 2.6921 2.6826 +0.0009 +0.03% 01:10:24
Heating Oil Apr 23 2.7429 2.7409 2.7479 2.7335 +0.0020 +0.07% 01:10:33
London Gas Oil Mar 23 811.00 809.75 811.00 807.00 +2.00 +0.25% 00:58:00
Natural Gas Apr 23 2.635 2.596 2.638 2.589 +0.039 +1.50% 01:10
a strong US dollar can have a significant impact on commodity prices, as commodities are priced in dollars in international markets. When the US dollar strengthens against other currencies, it makes commodities more expensive for buyers who use other currencies, which can decrease demand and put downward pressure on prices.

For example, if the US dollar strengthens against the euro, it would take more euros to buy the same amount of a commodity priced in dollars, such as oil or gold. This could lead to a decrease in demand from European buyers and a decrease in the price of the commodity. Conversely, if the US dollar weakens against the euro, it would take fewer euros to buy the same amount of the commodity, which could lead to an increase in demand from European buyers and an increase in the price of the commodity.

However, the impact of a strong dollar on commodity prices can be influenced by other factors, such as supply and demand dynamics, geopolitical tensions, and market sentiment. So while a strong US dollar can put downward pressure on commodity prices, it is not the only factor that determines the direction of commodity prices in the global market.