Relationship Between the Dollar, Price of Oil and the U.S. Trade Deficit

Download or read book Relationship Between the Dollar, Price of Oil and the U.S. Trade Deficit written by George D. Hoeffner and published by Nova Science Pub Incorporated. This book was released on 2010 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rapid changes in the price of oil and the impact of such price changes on economies around the globe have attracted considerable attention. In mid-2008 as the price of oil rose to unprecedented heights and then dropped sharply, the international exchange value of the dollar fell and then rose relative to a broad basket of currencies. For some, these two events seem to indicate a cause and effect relationship between changes in the price of oil and changes in the value of the dollar. This book analyses the relationship between the dollar and the price of oil and how the two might interact and provides an assessment of the impact a range of prices of imported oil could have on the U.S. trade deficit.