Low Dollar Rates

Low Dollar Rates Saves The Energy Bill By Kristian Halskov For fourthly day in a row, the ve astonishable cover price out step-up on the International markets. Denmark goes free of the worst consequences, as the first dollar rate has decrease heavily. The soaring escape of the oil prices continues and the price is close to $70 a barrel an increment of almost 35 percent compared to the oil price by the end of January. But uncomplete the Danish business sphere of influence nor the Danish consumers have to fear an increased energy bill. The bleak oil is bought in American dollars and the dollar rate has decreased heavily since January. That means that the oil price will not increase as much when converted into Danish Kroner. The disapprove of the American dollar cuts almost a third of the increase of oil price. High rate of growth Even though the price of oil has increased heavily it does not threat neither Danish nor International economy.

The underlying reason for the increase of oil prices is a strong growth in the world economy, which is despotic so Senior Analyst Lars Christensen, Danske Bank (Danish Bank) Besides the stronger growth in the world economy, growing expectations to the American gasoline inhalation this summer has also increased the price of oil. The gasoline phthisis always grows during summer in the US, which increase prices of oil in that time of year. The dollar drop, which cuts the top of the increases of oil prices, is also active in rising the oil pries. Source: Jyllandsposten April 2007D If you want to get a full essay, order it on our website: Orderessay

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