The decline of the USD is a pain for me, as the HKD is pegged to it. When I actually had money to take from Australia to HK, the miserable A$ bought less than five Hong Kong dollars. Now that I actually have to work things the other way, of course the AUD is at all-time highs. Ripped off by fate at both ends, as always.
Sorry to vent. I can't bear it. I'm an utter loser financially, always with my money on the mangiest nag to straggle last over the line.
Just let us know in good time where you are going to be and we'll make the appropriate trades in the currency markets ;-)
Seriously, though, it is a pain when you are stuck on the wrong end of currency moves...
A lot of $ currency pegs are going to unravel - Kuwait was the first, I think, to bin it, and although Qatar just said they were sticking with the $ peg, when you have the US military in place in your country on the scale they do, then that is persuasive.
"Dollarised" countries like Ecuador will come under serious stress: we're already seeing daft trade flows across the Colombia/Ecuador border, for instance.
As for the AUD, dunno, but I can't see it deteriorating against the $. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
