2 ms·
Fair points but why is the dollar rising in the first place? Isn’t that because of the artificially high oil prices because of the war.. since middle eastern oi
by mikymoothrowa 4y ago
Fair points but why is the dollar rising in the first place? Isn’t that because of the artificially high oil prices because of the war.. since middle eastern oil is sold in USD.
Countries need to buy dollars to buy oil. That’s why dollar is rising.
- dageshi 4y agoThe largest driver of currency movements in major currencies like the USD and EUR is interest rates. The US is currently has 2% (I think?) higher rates than EUR and the FED is more likely to raise rates more aggressively than the ECB. That alone is enough to set off a declining trend in the euro vs the dollar.