its the major currency of trade. it will be interesting to see the euro dollars value, seeing as the Iranians have announced their intentions to trade under the euro.Why are global oil prices always pegged against the dollar?
oil producers sell oil in dollar , when dollar goes down , oil prices goes up , they dont want to loose a drop or a pennyWhy are global oil prices always pegged against the dollar?
cuz usa's got the bombs
Maybe because US dollar is a well known currency for comparison.
Its the major currency of trade. it will be interesting to see the euro dollars value, seeing as the Iranians have announced their intentions to trade under the euro.
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