Between Quote by Steve Forbes
“Over time, there's a very close correlation between what happens to the dollar and what happens to the price of oil. When the dollar gets week, the price of oil, which, as you know, and other commodities are denominated in dollars, they go up. We saw it in the '70s, when the dollar was savagely weakened.”
About This Quote
Source Speech: Economic Commentary, 1990s
When the dollar weakens, oil and other dollar‑denominated commodities tend to rise in price.
In simple terms: Weak dollar lifts oil prices.
Key Takeaway
Watch currency trends when investing in commodities.
Themes
economics
commodities
currency
markets
inflation
Mood
cautious
analytical
Type
observational
informative
When to use this quote
- investment decisions
- budget planning
- energy sector analysis
Key Concepts
exchange rates
commodity pricing
global trade
Questions to Reflect On
- How do you adjust portfolios when the dollar falls?
- What non‑currency factors influence oil prices?
A Different Perspective
Other factors like supply shocks also affect oil prices.
