Petrodollar Trade is Over, Dollar Tumbles – EUR/USD, AUD/USD & Dollar Index (DXY) Overview

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The US Dollar has seen its best days throughout the last two months, with the infamous Petrodollar trade grabbing all the attention from Market participants and flows. Crude Oil prices, denominated and traded in US Dollars, rose by close to 100% from mid-February to just yesterday, amid a historic and brutal conflict in the Middle […]The post Petrodollar Trade is Over, Dollar Tumbles – EUR/USD, AUD/USD & Dollar Index (DXY) Overview appeared first on ActionForex.