The correlation exists because the international oil trade is typically denominated in the greenback, so demand for the commodity falls when the value of the dollar gains. Between 2005 and 2013, a 1% …
The greenback is ‘losing some influence’ in the oil markets — and it means a partial de-dollarization is likely, says JPMorgan
The greenback is ‘losing some influence’ in the oil markets — and it means a partial de-dollarization is likely, says JPMorgan
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