In basic terms, mostl definitely yes, but in terms of world wide demand curves on a sub $1 USD, perhaps creating a larger demand defecit , especially IF the big oilers cut production rates, in order to meet their $85-90 US per barrel levels as well?
Will a weakness in the USD somehow cut exported inflation, and help dampen a world wide recession, and localise it more to the US instead?
If treasury yields weaken considerably, does overseas money chase Australian assets, as
@SpaceMiner mentioned, yet again?
Also, does a weakening USD throttle further tin development, or accelerate it?
Seems my undersized macro brain just can't seem to come up with any sort of sane answer to my hypothetical.
Definitely come back at me with more of your more mature analysis, on a perhaps more macro scale, as difficult as that is.
( I threw my crystal ball in the bin , as it is clearly cracked!
)
(20min delay)