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It looks like the Saudis trying to break the oil-usd-peg. Rising oil prices could push them to act quickly to minimize a potential domestic currency shock. Are we witnessing here the slowly than suddenly occuring de-throning of an empire that is facing a fast growing geopolitical power in the BRICs group? The US at this moment needs to export its new issued USD (mostly Bonds) to finance its exploding double deficit.
Yes!
I think the days of USD dominance have come to an end.
It's just a matter of 2-3 years.
Let's see how that plays!
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