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Originally posted by poling2482
I dont understand how the fall of oil has not translated into lower gas prices.
Originally posted by Hx3_1963
reply to post by seb118
Refiners cut back on production...plus it's a "Down Time" for maintainace...right...sure...ok...can you say Gouge????
Most U.S. companies that sell goods overseas _ whether it be food, makeup, equipment or clothing _ translate their sales abroad from foreign currencies into dollars when they report their financial results. If the dollar is stronger than those currencies, the translation results in fewer dollars in revenue.
A strengthening dollar also decreases the buying power of overseas consumers since their money is worth fewer dollars. That can affect companies' underlying sales and lead to declining profit.
Originally posted by j2000
reply to post by shrike071
That is mostly wrong. I'll have to dig, but there were stories yesterday about shortages of gas, due to reduced production on the purpose of raising the gas price, because they can't make as much as they want on crude.
That is mostly wrong. I'll have to dig, but there were stories yesterday about shortages of gas, due to reduced production on the purpose of raising the gas price, because they can't make as much as they want on crude.
Originally posted by mahtoosacks
look it up yourself, and if you actually knew anything about forex then you would know how funny this thread is...
Originally posted by reugen
reply to post by BooBetty
Currency/FX is not traded on the stock exchange, it's a different market, it's a market that is HUGE compared to the stock markets and its open 24/7. So you're wrong i guess. However i sure dont hope the FED is so idiotic that they create dollars so they can buy/support the dollar, thus inflating the currency beoynd repair. The balance sheet of the FED is ridiculous at the moment, money supply has surged beyond anything, its exponential.
See for yourself:
research.stlouisfed.org...