Bernd
04/21/2020 (Tue) 13:03:53
No.36123
del
04/21/2020 (Tue) 13:03:53
No.36123
del
>>36097
I believe because it isn't oil standard currency (after they left gold, they didn't fixed it to oil), it's just that US dollar is used to trade oil. In this sense it doesn't matter the fluctuation of oil price, as long as it's traded it's done in dollar, there will be demand for it. It isn't that big hit if the price falls, that would be if they would ditch dollar and pick another currency to do it.
I believe because it isn't oil standard currency (after they left gold, they didn't fixed it to oil), it's just that US dollar is used to trade oil. In this sense it doesn't matter the fluctuation of oil price, as long as it's traded it's done in dollar, there will be demand for it. It isn't that big hit if the price falls, that would be if they would ditch dollar and pick another currency to do it.