I know what the charts are saying but have you factored in the fact that the middle east is dumping there US reserves along with China and Japan? This puts a new twist on things I think. If {there} national banks are bailing out of a greenback to get what they can for it that means there currency will be worth more to them than it has in the past because most foreign banks based there treasury reserves on the strength of the Greenback. Today I heard japan is trying for 50% or less and are at 68% now. Back in Aug they were at 90%!! The detachment of there reliability of the west is weakening as to is the middle east and the EUR. I have head the EUR wants a very strong differential to the US like the rail. The middle east India ect...like the EUR over the USD. And Japan is trying be less reliant of the Greenback. That means a new King of currencies is trying to make the thrown!? Which will it be is the question. The pound is most stable the EUR is fighting to reign supreme over the JPY. As the demand for USD weakens what would this mean for the pars? I think this is a very relevant scenario. The more I watch my screens and listen to the 20 news feeds from around the world in my station central at home the more I see slowly but surly this happening. Whats your thoughts on this?
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