https://sputniknews.com/business/201808061066987136-eu-block-iran-sanctions/
What does this mean?
It likely means trade between the EU and Iran taking place in euro and not dollar. Especially with regard to oil.
More "de-dollarization."
Happens slowly. This is not an "overnight" thing.
Patience. Patience.
BTW...
Dealers are short the Dollar Index, 9:1.
Asset managers are long the Dollar Index 29:1
Speculators are net long the Dollar Index, 22,000 contracts. That is 41% of the total open interest.
Asset managers and speculators are heavily long the dollar.
gold, page-44737
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