28.05.2013 - The Dollar a 'commodity currency'? it just might happen
The United States is in the midst of a surge in energy production, one that could realign one of the market's most reliable barometers: the inverse link between the U.S. dollar and oil. Gnerally speaking, what's good for the dollar tends to be negative for oil, and vice versa—but the U.S. oil boom might be altering that rule of thumb. With the U.S. suddenly awash in oil and gas, it has raised the question of whether the greenback can join the ranks of the dollars of Canada and Australia or the krone of Norway as a "commodity currency"—which tend to correlate directly with the price of oil.........................................Full Article: Source
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