The future course of the dollar doesn't hinge on the ffr level.
The position of the exchange value of the dollar reminds me of bonds in the 70's. You trade from the short side -- just like Iran, Venezuela, Quatar, Vietnam, Russia, Japan, and Kuwait.
The current currency war & the re-cycling of petro-dollars probably depends upon the control of Iraq's 2nd largest proven oil reserves.
Quote:
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LONDON - If the war in Iraq was fought on behalf of major international oil companies, consider it lost. The race to gain access to the grand prize of Iraq’s vast energy reserves is actually being won by small risk-takers willing to carve out a profit at great risk,
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Norway’s DNO, Switzerland’s Addax, Turkey’s Genel Enerji, Canada's Heritage, etc.
