But if there's one thing in this that hasn't been obvious to me, it's what will happen to USD.
Also, expect other Gulf states to follow Kuwait out of the Dollar peg soon.
Which won't help the dollar any.
The USD has a lot further to go, and will undoubtedly be oversold in the process, to be dragged back if and when the US can correct the trade balance.....
What you say is of course true, and it will fall. It's just a matter of when, and timing a fall is hard to do, and potentially more expensive than I can afford...
Currencies backed by oil are not a bad option to have a deposit in: Norway and the Gulf States come to mind - even (whisper it not) the Rouble.
