It is the base currency for much of the world. All import settlements are done in USD. There are too many economies hooked to it. Mehinks, the 'Dollar in free fall' theory is bunk.
China is holing huge amounts of USD Notes. They are hedging bets by buying up North American Assets piece by piece.
It is logical to assume that the buying activities will gain momentum to snap up firesale properties and distressed Industry particularly lumber and minning sector. This and other factors will continue to prop up the USD.
Next year, Euro might rise against the USD but everybody else will either go down or stay pegged. Right now Euro is going down. I think this will continue for another 6 months or so primarily due to US control of World Oil markets and Bank failures in US notwithstanding.
Consequently, the GCC currencies will also go up providing a counter argument to unpegging from USD.
Oil prices are in free fall because of 'slight reduction' of demand in US and surplus availability from Iraqi oil fields which are now back online and pumping. However, come winter, the surplus can be quickly soaked up.
As such betting on falling Oil prices or GCC currencies losing value does not sound valid to me.
I am betting that in short to mid term QAR will be good currency to be in whether they un-hitch from USD or not.
It is the base currency for much of the world. All import settlements are done in USD. There are too many economies hooked to it. Mehinks, the 'Dollar in free fall' theory is bunk.
China is holing huge amounts of USD Notes. They are hedging bets by buying up North American Assets piece by piece.
It is logical to assume that the buying activities will gain momentum to snap up firesale properties and distressed Industry particularly lumber and minning sector. This and other factors will continue to prop up the USD.
Next year, Euro might rise against the USD but everybody else will either go down or stay pegged. Right now Euro is going down. I think this will continue for another 6 months or so primarily due to US control of World Oil markets and Bank failures in US notwithstanding.
Consequently, the GCC currencies will also go up providing a counter argument to unpegging from USD.
Oil prices are in free fall because of 'slight reduction' of demand in US and surplus availability from Iraqi oil fields which are now back online and pumping. However, come winter, the surplus can be quickly soaked up.
As such betting on falling Oil prices or GCC currencies losing value does not sound valid to me.
I am betting that in short to mid term QAR will be good currency to be in whether they un-hitch from USD or not.
just my 2 cents :)