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Topic : Dollar currency loosing its sheen
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Industry : Asset Management
Functional Area : USA
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...................

 
  Answered by     Archana Singh, Relationship Executive, ICICI Bank  | 10 26 2009 12:21:18 +0000
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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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