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Late last year, Kuwait unpegged her own currency from the dollar. Now both her currency and economy are doing well again. And you can bet that all the other pegged Mid-East countries have been watching this and may well follow suit. How will this effect the dollar ?Iran has started an oil-trading bourse on Kish Island. Nothing unusual in this you say - well, except that they have been trading oil for Euros and not Dollars for the last year. Could this be the reason why the Dollar has been doing so badly and the Euro doing so well recently ?
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