What is relationship between commodities and forex

Want to explore about forex and commodity market

There are many inter relationships between commodities and currencies. Some quite complex. You might start with something simple like the inverse relationship between the USD and oil.

Oil is generally bought and sold world wide with the USD. So if the value of the USD goes down it takes more dollars to buy a barrel of oil. Someone watching oil will simply see the price of oil go higher. Understanding this relationship can help you get ahead of other traders and make money.