The Euro is Getting Stronger, the Dollar is Getting Stronger Even Faster
May 19, 2010 at 12:41 PM EDT
Part 1: Focus on prices, not rates Many press reports are attributing the fall in oil prices (in dollar terms) to the ongoing depreciation of the euro. I believe this is wrong. If I am not mistaken, the standard argument goes something like this: A falling euro means a rising dollar. (So far so good, [...]