US Dollar is loosing strength against all currencies since all money invested by US companies was taken out funds invested in emerging markets. Sri Lankan Rupee rose. But because it has depreciated too much. There is upward pressure for Sri Lankan Rupee. It will last long as Central Bank does not print any more money, and Capital Controls stays in place. If Central Bank loosens control, then Sri Lankan Rupee is finished.
All Central Banks of the world are hording Gold in an unprecedented rate. Gold is rising at the expense of US Dollar. With Mutual Swaps Global currencies are loosing attachment to US Dollar. Russia is the Largest buyer of Gold. They sold almost all US treasury holdings of value of over $100 billion dollars. They bought Euros,Yen and Yuan.
All Central Banks of the world are hording Gold in an unprecedented rate. Gold is rising at the expense of US Dollar. With Mutual Swaps Global currencies are loosing attachment to US Dollar. Russia is the Largest buyer of Gold. They sold almost all US treasury holdings of value of over $100 billion dollars. They bought Euros,Yen and Yuan.
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