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Aren't UPS employees in far off lands paid in their local currency, from revenue earned in their local area?
Isn't the price of OIL denominated in US dollars world wide? If so then shouldn't everyone's fuel bills go up as well? Not just us.
You don't get it.
What do you think the quarterly results are, just from USA ? Or worldwide?
Ofcourse, worldwide.
So, everything has to be converted into US dollars.
Now, secondly.
As an example: 1 Canadian Dollar becomes $2.00 US.
At $100 a barrel of oil.
We will pay $50 cdn for it, you pay $100.
So, no, it's only the US that has to pay more for oil, if the US currency devaluates.
Euro, and other currencies can buy the US Oil based prices for cheaper.(with a cheaper dollar).
And thats not just oil. Everytime our dollar rises against the US greenbuck, all our shopping prices go down. From Walmart to veggies and fruit from the USA.
Even cars.
Basically, we get more for our buck !
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