You work in an area in which your counterparty is highly innovative. I’ve been doing that now for almost 25 years but I learn new things every day. Every day brings new challenges and every morning you are asked questions that you don’t yet know the answer to.
Similarly, prices in international commodity markets are quoted in US dollars, ensuring transparency on a global scale and omitting costly pricing in two or more currencies. Second, in the absence of a significant shock triggering an abrupt change in the international use of one currency, the sheer size of stocks relative to flows or turnover is likely to mean a gradual adjustment.