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Dollar Sees Steep Drop, Oil Prices Rise

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Dollar Sees Steep Drop, Oil Prices Rise

Economy

Dollar Sees Steep Drop, Oil Prices Rise

Dollar Sees Steep Drop, Oil Prices Rise

  • Download
  • <iframe src="https://www.npr.org/player/embed/4509602/4509603" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The U.S. dollar has taken a beating this week. Stock prices slid, while the cost of a barrel of oil rose by more than $2.40. One reason for the moves was a steep drop in the value of the dollar. The dollar bounced back Wednesday, but it has been taking a pounding because of new concerns that Asian central banks may be losing their thirst for U.S. assets.