If you have yet to be aggravated by some market pundit opining "commodities" rose or fell because "the dollar" fell or rose, congratulations; this means you have been spending your days pursuing useful endeavors instead of listening to gasbags. The logic behind the association may seem sound as most physical commodities in global commerce are priced in U.S. dollars. This is not a law of nature and may in fact change some day, but having multiple-currency clearing and settlement systems for already-volatile goods simply invites unnecessary complexity. Perhaps this could be tackled by Fintech 2.0 once everyone figures out what Fintech 1.0 actually is.
展开▼