Commodity prices are not holding nicely, they have been blasted in every country in every major exchange rate.
Real loses.
We have been over that so many times now.
The only reason why it APPEARS the USD has had such a effect this time is because a lot of hedge funds have probably borrowed funds in USD to buy commodities. WHICH IS SPECULATION
Thats only a relative short term issue.
Now wether you look at the fall in oil is USD, AUD or EUR
THE PRICE OF OIL HAS FALLEN.
I can't beleive we have to keep going over such a pathetic point, when you could do the simple maths yourself to see this.
I feel if oil went down 100% and the USD went up 1%, you will still be trying to tell me its due to the USD.
Naturally I am getting really agitated at speaking to a brick wall. Its not fun.
