Rand takes a big hit

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Rand takes a big hit

The rand has taken a knock following the eruption of war between the United States/Israel and Iran, with trouble brewing for markets if the conflict escalates and expands.
 
War?

“Special operation.”
 
Rickster said:
Don't understood how their kuk affects us.
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Because the global currency is the dollar, pretty much everything is measured against it, a stronger dollar = or weaker rand or weaker dollar = stronger rand.

What is oil priced in ? It’s not priced in any other currencies besides the dollar.

Who leads the world in oil production and calls the shots ?

THE ORANGE MAN in the Oval Office baby!!!

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satanboy said:
View attachment 1889909
Nothing to see here.
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That’s not how it works, especially with oil.

That region of the world supplies oil to other regions for processing. Now that the supply has been slowed if not to a snails pace then that means everyone else needs to go shopping for oil, who else do they go to ?

So everyone calls the US and asks if we can buy some of your reserves, sure why not ? But you gonna pay extra 50c/l on it. Boom the dollar resurges and smaller world economies like ours takes the brunt.
 
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