Bernanke's Hints at Stronger Dollar: Meant to Cool Oil Prices? [View article]
Today Bernanke answered the very question that the title of your asks:Bernanke's Hints at Stronger Dollar: Meant to Cool Oil Prices?
Bernanke, in a question-and-answer period, said soaring oil costs are more the result of supply and demand than the weaker dollar. ''The effect of the dollar on commodity prices is relatively modest,'' he said. Supply and demand conditions are ''by far the strongest and most important factor.''
Bernanke's Hints at Stronger Dollar: Meant to Cool Oil Prices? [View article]
Bernanke, in a question-and-answer period, said soaring oil costs are
more the result of supply and demand than the weaker dollar. ''The
effect of the dollar on commodity prices is relatively modest,'' he
said. Supply and demand conditions are ''by far the strongest and most
important factor.''
business.smh.com.au/be......