Demise of the dollar from the bailouts to the pandemic and beyond
"A weaker dollar buys less in foreign goods. This increases the price of imports, contributing to inflation. As the dollar weakens, investors in the benchmark 10-year Treasury and other bonds sell their dollar-denominated holdings. Contracts for oil and other commodities are usually denominated...
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| Format: | eBook |
| Language: | English |
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Hoboken, New Jersey
Wiley
2023
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| Edition: | Third edition |
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| Online Access: | |
| Collection: | O'Reilly - Collection details see MPG.ReNa |
| Summary: | "A weaker dollar buys less in foreign goods. This increases the price of imports, contributing to inflation. As the dollar weakens, investors in the benchmark 10-year Treasury and other bonds sell their dollar-denominated holdings. Contracts for oil and other commodities are usually denominated in dollars. As a result, historically, there has been an inverse relationship between the value of the dollar and commodities prices. Essentially, as the value of the dollar falls, the dollar-denominated prices of these commodities must rise to reflect their unchanged intrinsic value"-- |
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| Physical Description: | 1 online resource illustrations (some color) |
| ISBN: | 1394175442 9781394175444 1394175450 9781394175451 |