Once again, the S&P 500 Index is trading inverse to the U.S. Dollar Index. Traders can clearly look at the chart below and see how the major stock indexes deflate as soon as the U.S. Dollar Index trades higher. While this inverse relationship has been intact for over ten years, it is even more correlated these days.
Traders must watch the leading commodity and energy stocks closely when the U.S. Dollar Index trades higher. These stocks are the most susceptible to a decline when the U.S. Dollar Index rallies. Stocks such as Freeport McMoRan Copper & Gold Inc.
FCX, Chevron Corp.
Today's Best Finance Deals
CVX, and Cliffs Natural Resources Inc.
CLF are a few leading stocks that can decline quickly when the U.S. Dollar Index trades higher. Traders can watch for intra-day resistance on the U.S. Dollar Index futures (DX U1) around the $73.85 and $74.00 levels.
Nicholas Santiago
InTheMoneyStocks.com
Loading...
Loading...
CLFCleveland-Cliffs Inc
$7.311.95%
Edge Rankings
Momentum
10.51
Growth
13.40
Quality
Not Available
Value
78.97
Price Trend
Short
Medium
Long
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in