The Traderszone Network

Published in TZ Latest News 15 November, 2014 by The TZ Newswire Staff

Oil-Producing Countries’ Currencies Are Getting Crushed

While most people’s attention has been focused on the demise of the Russian Ruble this year, since the June highs in Crude Oil, the oil-producing nations of the world have seen their currencies devalue rapidly. From Brazil to Nigeria and Algeria, the impact of lower oil revenues is starting to create a vicious circle for many of these nations… and having consequences for the very Petrodollar flows that the US relies upon…

 

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