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Supply and demand are more fundamental - the revenue needs of exporting countries prevent reduction of supply, while economic weakness around the world reduces
by kbutler 11y ago
Supply and demand are more fundamental - the revenue needs of exporting countries prevent reduction of supply, while economic weakness around the world reduces demand. That weakness also strengthens the dollar, increasing the supply available for a given dollar amount. The cascading effect of speculators exiting the falling market further reduces demand.