| Topic : Dollar currency loosing its sheen |
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Activity:
Question posted: 10 26 2009 12:14:47 +0000,
1 answers, 165 views, last activity
07 06 2010 20:18:08 +0000
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How downfall of dollar effect oil price? pls share your views...................
1 Answers for "How downfall of Dollar effect Oil Market?"
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Crude oil is priced in dollars. So when the dollar falls, oil producers demand a higher dollar price to make up for the lost purchasing power relative to other currencies, such as the Japanese yen or the euro.
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