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Originally Posted by fappingJack
or probably both?
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How does it affect them? Both derive revenues from oil which is priced in USD. As for EUR/RUB cross trade, well the Ruble is massively lower already.
This is just another step in the currency wars, however the ECB has been experiencing deflation and is now set to announce massive QE which is why the swiss cut ties yesterday. And money is flooding into all the safe havens and partly because its aware that the Euro is going to fall a lot further when that happens. There's also a small risk of the USD doing QE4 this year or next year to help go into line with japan and euro zone, because dollar is too strong and because critics say the talk of raising rates is basically just a ruse to make it look like the economy is stronger than it really is. A lot of people are once again talking about EUR/USD parity which, this time, could actually happen.
If I were you, i'd keep hold of your USD and/or have a small diversification (10% - 20%) into a non-government form of money like gold and silver.