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Price of Oil Versus Dollar

Discussion in 'Beginners Bootcamp' started by iamarto, Oct 9, 2007.

  1. iamarto

    iamarto Private

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    Does anyone know if the price of oil affects the strength or weakness of the US Dollar? And in which way? Long term signals?
     
  2. vidigix

    vidigix Private

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    I guess it does but I can't really go into details right now.But here's a thought,each time oil goes up,so also does the Canadian dollar or 'Loonie' as it is known by its nickname.So each time oil goes up,Have a look at the USD/CAD pair.;)
     

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