If the dollar has less in spending power, other countries will want to raise prices so they still get the old value of the dollar. Because demand is increasing, the consumer will pay the higher price.How does the devaluation of US dollar increase oil prices???
Devaluation of US dollar increase the growing of US economy and indirectly the growing of trade partner of US; more economic activity demands more oil. Here the demands of oil growth quickly but not the supply (refineries, oil extraction,) so the oil price must increase.How does the devaluation of US dollar increase oil prices???
Sheik is right.
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