August 09, 2008 at 09:21 AM EDT
Crude and the USD
[Skip to the end] My current assessment is that the crude sell-off has caused the USD’s strength. Lower crude prices make the USD ‘harder to get’ as oil producers get fewer USD for the same volume of crude (and product) exports to the US. Likewise, this also brings down the US trade gap which is about half directly [...]
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