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DOES THE USD EXCHANGE RATE REALLY AFFECT OIL PRICES?

Altin Idrizi, Ardian Durmishi and Nikolay Patonov
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Altin Idrizi: University of Elbasan "Aleksander Xhuvani", Albania
Ardian Durmishi: University of Elbasan "Aleksander Xhuvani", Albania

Economics and Management, 2016, vol. 12, issue 2, 124-127

Abstract: This paper is intended to study the relationship between the USD exchange rate and the crude oil prices. The empirical analysis uses regression on time-series data to search for a link between these variables. The results are in favour of the predictions of conventional economic wisdom. Negative link is found which means strong dollar leads to cheap crude oil, and vice versa.

Keywords: US dollar; crude oil; regression analysis (search for similar items in EconPapers)
JEL-codes: E31 E52 (search for similar items in EconPapers)
Date: 2016
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