Additionally, the Dollar is utilized because the standard currency inside the commodity market and therefore has a direct effect on commodity prices. Dollarization of the USD Due to its international acceptance, some countries like Panama and Ecuador utilize the USD being an official legal tender, a follow referred to https://financefeeds.com/global-fx-market-summary-conflict-between-israel-and-iran-fed-ecb-economic-data-16-june-2025/