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Dollar is international currency and when the dollar is weak countries would be able to purchase more quantity of oil with lesser currency...however this is only when OPEC keep the prices stable Crude oil is mainly traded in US dollars, and when the US dollar weakens the crude oil market participants (speculators, producers, refineries, etc.) push the price of crude higher on the expectations that oil producers are entitled to at least the same prices as before in their own currencies, after exchanging US dollars into their currency. In economics such relationships are explained by Purchasing Power Parity theory.
What else can I help you with?
How does weak dollar increases the price of crude oil?
Most oil contracts are valued in US dollars. Therefore, if the US dollar weakens, an oil producer will demand more dollars for the same oil, all other things being equal. -ecn
What does it mean when a country's currency is worth more than a dollar?
Our dollar is weaker than their moneythe dollar is weak
How does the fluctuation between a strong and weak dollar impact global trade and economic stability?
The fluctuation between a strong and weak dollar can impact global trade and economic stability by affecting the competitiveness of exports and imports. A strong dollar can make imports cheaper and exports more expensive, leading to a trade deficit and potentially harming domestic industries. On the other hand, a weak dollar can make exports more competitive and boost economic growth, but it may also lead to inflation and higher import costs. Overall, the fluctuation of the dollar can influence trade balances, economic growth, and stability in the global economy.
How does an English pound compare to the US dollar?
much more favourably than about 6 months ago! (in favour of the dollar being stronger and the £ very weak relative to where it was)
How much is 500 euros in American dollars?
1 euro is 1.48 dollars today Aug 21, 2008. Or 1 dollar is 0.67567 euros. So, you need for 500 euros 740 dollars. The dollar is weak.
How does weak dollar increases the price of crude oil?
Most oil contracts are valued in US dollars. Therefore, if the US dollar weakens, an oil producer will demand more dollars for the same oil, all other things being equal. -ecn
Why investors are afraid of sub-five dollar stocks?
Because people normally associate a low price with a weak business.
What is the relationship among US housing market and US economy and US dollar and world Crude Oil prices?
In simplistic terms, weak US housing market causes weakening US economy, which in turn causes dollar to weaken in the world currency markets, which in turn strengthens world crude prices denominated in US dollars, and this finally puts even more pressure on US economy.
Would it be a good you idea to invest in gold?
Yes gold would be a good investment. Due to the current economic situation the U.S. dollar is weak and getting weaker. However as the dollar depreciates the price of gold goes up.
What is a weak dollar?
A weak dollar refers to a situation where the value of the U.S. dollar decreases relative to other currencies. This can make imports more expensive for U.S. consumers, but it can also benefit American exporters by making their goods more competitive in foreign markets.
What was the message of Shay's Rebellion?
The price of a weak central government is anarchy.
What does it mean when a country's currency is worth more than a dollar?
Our dollar is weaker than their moneythe dollar is weak
How does the fluctuation between a strong and weak dollar impact global trade and economic stability?
The fluctuation between a strong and weak dollar can impact global trade and economic stability by affecting the competitiveness of exports and imports. A strong dollar can make imports cheaper and exports more expensive, leading to a trade deficit and potentially harming domestic industries. On the other hand, a weak dollar can make exports more competitive and boost economic growth, but it may also lead to inflation and higher import costs. Overall, the fluctuation of the dollar can influence trade balances, economic growth, and stability in the global economy.
What will be the target price of weak socks?
£1.00 at poundland
How did cars influence in 1950's car culture?
it didnt it was weak
Is volaility high or low when weak?
Volatility is generally considered high when there is a lot of uncertainty or rapid price movements in a market, and low when price movements are stable and predictable. When referring to "weak" in the context of volatility, it typically means that there is less price fluctuation and therefore lower volatility. Thus, if volatility is weak, it indicates low volatility.
What was the message of Shays's Rebellion?
The price of a weak central government is anarchy.
