Loading ...So its like automatic inverse. If you are in Europe and want to invest in or buy USD contracts, you have to convert your Euro into Dollars first. All those lower valued currencies countries must be seeing VERY high oil prices. At the same time the High USD is giving us a discount of oil prices. Gold too at discount.
Its all too complicated to explain it all. So we could even say the strong dollar in SOME respects is helping keeping gasoline and oil down, good, but kills our exports businesses. Killing certain stocks and helping others too it seems.
The idiots had no business messing around with the Invisible hand of capitalism. But they DID a long time ago. So THEY took responsibility. They took it off Auto Pilot, and flying manual. So they have to do all the work and deal with the abnormalities and pricing distortions.