Currency DV - De-Value

by CDN Sat Sep 10, 2011 3:07 pm

How can the IQD ReValue and be competitive since they will be oil export based?

Can anybody provide perspective on this please?

Ben Bernanke and the Federal Reserve are desperate to tank the U.S. dollar to stimulate exports and further fuel a stock market that is clearly back in bubble territory. However, central bankers in other countries have had enough.
One after another they are lining up to push their currencies lower — and firing shot after shot in the global currency war.
South Korea’s government is reviewing “all possibilities” on curbing capital inflows.

The Philippines is prepared to impose controls to cap volatility in the peso after its currency rose to a three-year high.

After seeing Brazil’s currency soar against its neighbors, that country’s finance minister recently said that the so-called “war” is on.

Switzerland slashed the value of the Swiss Franc, pegging it to the euro.

Japan is the latest to intervene in the currency markets — again — trying to push down a stubbornly strong yen and boost exports.
The weaker currencies get, the more dollars, euros and yen it takes to buy commodities, oil etc.