Originally Posted by
Sir Burr
Originally Posted by
DrAndy
as long as oil prices keep rising, the dollar will keep falling
Actually, it's the other way around. If the dollar keeps falling against other currencies, oil and gold which are denominated in US dollars will go up.
Actually its the inverse. falling USD requires worldwide price of commodoties to rise relative to USD, yet remaining steadier against local currencies. The low USD is a large cause of high price of oil, steel, gold etc. etc. when expressed in USD...