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Originally Posted by OrangeZayteh  i got the 1st point, thx for ur answer.
as for oil prices, it means that only people in the USA, and countries like Lebanon were the exchange rate is fixed with respect to the US$ that will be hit by higher oil prices most. but in London, the eurozone, or Hong Kong, it shouldn't have that much of an effect, according to what u're saying? what's wrong in this argument since everybody seems hurt? thx |
The oil increase in USD is higher in percentage terms (in 5 years from about 30-40 to 140+) than the increase in the price of a euro in USD (in 5 years from about parity to about 1.4). So even in euros, oil is still more expensive. So it still hurts, but less.