US Dollar Index: Above The 100 Index Level + Rebounding In Line With Previous Note
- Lester Davids
- Nov 4
- 1 min read
Research Notes November 2025 > https://www.unum.capital/post/rnov2025
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US Dollar strength is a possible reason for the current short term commodity market weakness.
Also note, the SHORT exposure on the USD has been quite sizeable (short-covering underway?)

Previous Post (01 July): US Dollar Index: Extended To The Downside vs 200-Day SMA + Approaching Oversold Monthly & Weekly Time Frames
The chart considers the distance of the index vs it's 200-day SMA. At current levels the index is close 7% below it's 200-day, a distance (%) that has previously coincided with either the start of a consolidation phase, or a rebound.

Multi-Time Frame Regime Snapshot

S&P 500 Index vs US Dollar Index

Lester Davids
Senior Investment Analyst: Unum Capital
