Question

If crude investor is less then what will the effect of usd currency

Answer 1

“A 10% increase in the price of oilleads to a depreciation of the US dollar effective exchange rate by 0.28% on impact,” the authors write, “whilst a weakening of the US dollarby 1% causes oil prices to rise by 0.73%.” ... all crude oil payments arein dollars as it is the world currency.