Quote from: Sayeds56 on Today at 06:01:36 PM

Quote from: NoorulHuda on Today at 05:37:46 PM

Quote from: Sayeds56 on Today at 04:55:40 PM

https://www.coindesk.com/business/2022/03/15/saudi-arabia-mulls-pricing-of-china-oil-sales-in-yuan-wsj/

Sir little bit confused.
What it will effect on Crypto Market.?
Please explain for knowledge.

By the way I know that...
this can help the Forex traders.

This will be a major paradigm shift and can cause major damage to US Economy if Saudi Arabia and other Gulf countries decide to sell their Crude oil in Chinese currency ( Yuan ) , it can depreciate value of Dollar in the long term which is good for all financial markets including Bitcoin because US Dollar Index and Financial market have inverse relationship, means when Dollar Index goes up the stocks and bitcoin move down and vise versa. Tomorrow morning FED will also announce its decision about Interest rates in USA which can cause volatility in financial markets.

https://twitter.com/federalreserve?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Thank you sir. Now I understood.
Allah ap ko sehat wali or khushyon wali lambi zndgi dy... Ammeenn