What is the impact on the US financial system if OPEC ties their currency to the Euro Instead of the Dollar?
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This entry was posted on Saturday, May 31st, 2008 at 10:45 am and is filed under Currency Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
May 31st, 2008 at 10:45 am
Fall in demand for $ and inflationary pressure on $. Appreciation of EUR.
May 31st, 2008 at 10:45 am
There is no such thing as an "OPEC currency". Moreover, none of the currencies of OPEC members are in any way "tied" (the correct term, by the way is "pegged") to the dollar.