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TechStartup Info • View topic - Oil prices have a huge impact on the global economy

Oil prices have a huge impact on the global economy

Discuss general marketing issues

Oil prices have a huge impact on the global economy

Postby doaausef3li » Wed Jun 26, 2019 6:04 pm

Oil prices have a huge impact on the global economy. In this way, the correlation between the price of oil and the price of currencies is more complicated and shorter than the price of gold. In fact, only all of the currencies are Canadian dollars, which is meaningful for crude oil.
USD / CAD Curryley has about -0.4 with oil. This weak correlation shows that the value of lune increases with rising oil prices. In late 2004 and early 2005, this dependency was very strong.
Although Canada is the 14th oil producer, the economic impact of oil is not simply gold. Unlike gold, oil contributes to various economic sectors. For example, because of its cold climate, Canada has a large market for heating oil. On the other hand, Canada is heavily dependent on its exports, with 85% of its exports to its southern neighbor. That's why the American economy's reaction to rising oil prices will have a huge impact on lunar prices.
Use currency and goods curlings
The futures prices of commodities such as oil and gold move faster than the currencies with which they are currylite. This can be used to benefit the currency trade. Another way of using this curl is to diversify the stock exchange portfolio.
doaausef3li
 
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