The U.S. Dollar Is Under Attack

The U.S. Dollar Is Under Attack

From seekingalpha.com

The U.S. dollar has enjoyed a rally since the middle of last year, partly as a result of the debt crisis erupting in Europe, taking the problems of the dollar out of the headlines. However, there are good reasons to believe that this rally is soon coming to an end as the dollar is back under attack again. First, Iran and India announced that they will start trading crude oil using gold instead of dollars. Then shortly after the Fed announced that it is going to keep interest rates low until 2014. The announcement of the Iranian and Indian oil for gold exchange was a direct response to the sanctions put on by the ... (full story)

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Jan 31, 2012 7:19pm

About time someone noticed this amidst all the Euro excitement.The USD's fate right now depends on just how much more time Greece, Portugal, Merkel hog onto their moment of fame with the tabloids, I can see people getting bored already.

PandoraBox

Jan 31, 2012 7:52pm

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A lot of reason to attack US Dollar

ForExtraPips

Jan 31, 2012 10:34pm

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Here we go again. "There are good reasons to believe......" aka I think. Probably. Maybe. Might. Should. Could... wait one second, let me ask Santa Claus.

Aaryan

Jan 31, 2012 10:27pm

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I am from INDIA, Today in our Leading Economic Times New paper and Business channel they have told we will do all that which bring our RUPEES value back to normal, but this will bring DOLLAR down very much, BUT it will supporting world in this way ... from recession and crisis , EURO countries need this support