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Originally Posted by wheelsup  What are the ramifications of having the price of oil be in euros and not dollars? Aren't they pretty much all negative for us (Americans)? |
Im not an expert but it is similar to want and demand, if nobody wants your dollars then the value falls even more. If Euro's were to become the number one choice of the world then they would become even more valued and the dollar would probably fall more. I am not sure that would happen because both Europe & America understand that they have to balance it because it is no use for either America or Europe if either of their currency's are not worth much.
China has enough dollars that if they sold them American dollar would bottom out but if they did that then who would buy all there #####. It's one of the few perks that comes from a global economy, everybody has an interest in keeping other countries going.