This is how it is usually presented, but believe it or not, I saw one analyst, or perhaps reporter, stating the opposite. They said the dollar is falling because of the rise in oil prices, LOL.
Funny that the dollar showed a small bounce in the last few weeks, while oil kept on going up. Helped by silly Goldman prognostications, no doubt.
The dollar has lost about half of its value against the Euro. At those rates, oil is in the $60/barrel range, which is high, but not that far out of line.