From TradingView, the recent action in the U.S. Dollar Index:
Though the DXY is far from perfect due to its exclusion of China's currency, it is a handy snapshot of relative strength vs other major trading partners.
And it has been down six of the last eight days.
The run-up from last May when it dipped under 90 to the recent high, kissing the underside of 105, has kept a lid on commodities priced in dollars. A weakening dollar means higher commodity prices—for those commodities priced in dollars, irrespective of any change in supply/demand
