We know that the Iraqi Dinar revalued their currency and we know that it was traded somewhere in the $3.35 range but was trading upward and was over $5.10 …(Monday)…Now, where is it now? I don’t know- Where’s the Dong? I don’t think it’s lagging too far behind – because the front screen rate on the Dong is supposed to be between 25 – 40 cents below the Dinar on the front screen rate – I think they’re both going to do just fine – they are both going to get where they need to be…I was told by one Treasury source that this could happen at any minute. Everything is pointing toward this could happen at any moment.

    |   Category: Bruce