Dollar on the cusp?

[Chris Burford <cburford@xxxxxxxxxx>]

http://www.iht.com/articles/25811.htm

Apart from the forex department of transnational corporations, there is
probably no readership more interested in the future direction of
international exchange rates than that of the International Herald Tribune.

This article above,

Traders Find Little Comfort in Dollar as Crises Deepen,

suggests that the Dollar is at its peak as a store of value in uncertain
times. Although it is not vulnerable through its exports to contractions in
other markets usually, difficulties in Argentina and Turkey might now push
sentiment over the edge. Certainly it has not benefited from the bad news
recently.

But the article does not predict a chain reaction, presumably because with
the demonetisation of gold there is still no alternative universal store of
value for world money than that of the long bond of the largest capitalist
economy in the world.

Chris Burford

London