المستخلص: |
Oil is the most important resource of the economic wealth in the contemporary world which played an influential effective role in the beginning of the 21st century redrawing the international political and economic world map, the raising of the synchronized fluctuations witnessed by the dollar markets against the Euro with greater volatility in the world oil markets has attracted the scholars intention. The relationship between the exchange rate of the dollar and crude oil prices of many economic studies reached an inconclusive result, assuming that the existing relationship going from the exchange rate of the dollar against the Euro to the world oil prices from 1999- 2010 was a clear problem: What is the effect of the exchange rate fluctuations of the dollar against the Euro on the global oil prices? This paper aims to demonstrate the nature of the impact that can be caused by fluctuations in the exchange rates of the dollar against the Euro on the international oil prices using modern standard methods, this could be done through the leadership competition between the two currencies in the international monetary system, the examines developments internationally in the global oil market, and highlight the impact of the exchange rates of fluctuations of the dollar against the Euro on the price of oil.
|