Re:The Global Dollar Short Squeeze
by tim333 on Friday April 10, 2020 @01:39AM
(#22830300)
>historically priced in dollars for two reasons
I think you've missed the most obvious one in that you have to price in something and the US$ is the best known to use. I'm about to buy some petrol and it really doesn't make a difference to me if the price is £1 or $1.23 or 41 baht or whatever.
Same reason the contract will be in English - you have to use something and that's the best known.
I think you've missed the most obvious one in that you have to price in something and the US$ is the best known to use. I'm about to buy some petrol and it really doesn't make a difference to me if the price is £1 or $1.23 or 41 baht or whatever.
Same reason the contract will be in English - you have to use something and that's the best known.