Hi Rebels
Well I don't see it clearly.
The tendency is € lower vs us $ but at the other side CAD $ moving stronger against the us $ but also against the €.
So for CLL as a Canadian company then aren't they better of regarding the debt which is in us $ .So a weaker us $ vs cad $ isn't that not much better ?If the own currency is the strongest then the buying power is better.Can't explain it better what I meant to say but you guys I think know what I mean.
But what will drive oil up besides the demand.Then the curencies come in play.So if it's true the € weakens against the us $ but on the other hand other currencies get stronger against the us $ what is the most important currency besides the us $ which can impact the oil price?I thought the most important traders are looking at is the us$ vs the € because after the US ,Europe is probably the second oil user are am I wrong on that.