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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
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How does weak US dollar influence the price of crude oil?
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 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 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 much is 5000 euros in American currency?
1 euro is 1.48 dollars today Aug 21, 2008. Or 1 dollar is 0.67567 euros. So, you need for 5000 euros 7400 dollars. The dollar is weak.
How does weak US dollar influence the price of crude oil?
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 is a weak dollar?
A weak dollar is a U.S. dollar that can exchange for fewer amounts of foreign currency.
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.
What was the message of Shay's Rebellion?
The price of a weak central government is anarchy.
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 does it mean when a country's currency is worth more than a dollar?
Our dollar is weaker than their moneythe dollar is weak
Why does the molar conductivity of weak acid decrease as the concentration increases?
For a weak acid (or base), as the concentration increases, the % ionization/dissociation decreases. This leads to fewer ions in solution, and hence the molar conductivity decreases.
Is dollar strong or weak in Europe?
The strength of the US dollar in Europe can vary depending on economic conditions and market factors. Generally, if the dollar is strong relative to the euro, it means the dollar can buy more euros, making goods and services cheaper for US travelers in Europe. If the dollar is weak, it may be more expensive for US travelers in Europe. It's always a good idea to check currency exchange rates before traveling to Europe.
In the first crude compass why was the needle floated in water?
Low friction so that weak magnet could move freely.
What will be the target price of weak socks?
£1.00 at poundland
What was the message of Shays's Rebellion?
The price of a weak central government is anarchy.
