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Currency wars, trading $ driver, forecasts 2013

Posted on 27 November 2012

Since September, the Currency Wars have escalated. It isn’t just because of the seminal monetary events of the Federal Reserve’s QE III “unlimited” and the ECB’s OMT “Uncapped”. It is highly likely, more about the fact that China announced its eleventh agreement that effectively bypasses using the US dollar with China’s strategic trading partners.
The latest agreement with Russia places trading oil, in non-US dollars, into the spotlight. The infamous petrodollar has had its destructive profile raised………………………………………..Full Article: Source


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VRS - who has written 39433 posts on Opalesque Commodities Briefing.


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