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gas price & USD strength
Posted on 2011-03-05
is the dollar more strong when gas price rises? is there a co-relation there at all?
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4 Comments
Active today
Not really.
See
http://kirklindstrom.blogspot.com/2008/05/chart-of-us-dollar-vs-oil-prices-vs-s.html
and
http://www.econbrowser.com/archives/2007/10/does_dollar_wea_1.html
Not easy to read but basically they are saying no.
See
http://kirklindstrom.blogspot.com/2008/05/chart-of-us-dollar-vs-oil-prices-vs-s.html
and
http://www.econbrowser.com/archives/2007/10/does_dollar_wea_1.html
Not easy to read but basically they are saying no.
Active today
Oil is priced in dollars.
When dollar is weaker, oil costs more, other than the usual supply/demand and geopolitical issues.
When dollar is weaker, oil costs more, other than the usual supply/demand and geopolitical issues.
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