weak dollar

The Fed, China, the Dollar, and More Profits For Banks

Newsvine - business  Sat, 12/05/2009 - 11:34

This article explains the weak dollar, the power of China over the dollar, and how current Fed policy (almost 0% interest to banks) is a windfall for the banks--and explains why Geithner said the US wanted a strong dollar.


 

Weak dollar driving up gas prices

Digg - Business & Finance  Mon, 11/02/2009 - 03:20

What's causing the surge? Blame the weak dollar and increasing global demand for crude oil, plus speculative trading, experts say.

Since oil is bought and sold in dollars, it's cheaper when the dollar is down. That in turn draws speculators, who drive up the price.


 

Weak dollar, strong stock market push oil higher

Newsvine - business  Tue, 10/06/2009 - 07:46

Oil prices climbed Tuesday as the combination of a weaker dollar and stronger stock market outweighed concerns about weak demand and vast supplies of crude.


 

Chevron Profit Tumbles 71%

NYT > Business  Fri, 07/31/2009 - 07:36

Chevron, like other oil companies, was hurt by plunging demand for crude oil and gasoline . It also said its net income suffered from a weak dollar.