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A comment on The euro has tumbled near parity to the US dollar. Parent comment

Re:The euro has tumbled near parity to the US dollar by narrator on Monday July 11, 2022 @05:13PM (#32061946)
USD can be used to buy Oil and LNG. That's most of it. Euro buys oil in USD and then the USD goes into treasuries. It's called Petrodollar Recycling[1].

[1] https://en.wikipedia.org/wiki/Petrodollar_recycling

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