from the dollar by oil exporters, encouraged by Fed hikes, 2.
Zabel has not noticed any marked increase in Swiss buyers' interest following the unpegging
of the franc from the euro.
The surprise move marked the biggest drop since China reformed its currency system in 2005 by unpegging
the yuan - also known as the renminbi (RMB) - from the greenback.
Furthermore, the sudden unpegging
of the Euro by the Swiss National Bank, accompanied by the European Central Bank's quantitative easing program highlight the potential for the USD, and consequently the Dirham, to continue strengthening against the Euro.
of the Swiss franc from the euro means that, at today's exchange rates, Zurich and Geneva would be the world's most expensive cities, it said.
While a slow and deliberate reduction of Chinese investment could even be positive for the United States if it means unpegging
the yuan, an abrupt and significant decrease from current levels could be considerably detrimental to the US economy if it does not allow for other markets to fill the void.
But it is certain that the process Nixon started by unpegging
the dollar from gold in 1971 is now over.
I could see the birds lined up on the wall, my wife unpegging
the washing, her long blonde hair rising in the wind showing the nape of her neck, her loose skirt billowing, revealing white dimples in the backs of her knees.
To begin to unpeg from the dollar would also mean unpegging
from full convertibility.