when the dollar falls, oil becomes more expensive as it costs more AUD to buy Oil which is purchased in USD.
thus, the decline in the AUD recently has meant that oil has remained at the same price, despite the huge falls in price per barrel.
hope that helps
aud tanking ... oil heading to 55, page-26
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)