Even though we might work in IT we cannot neglect the business, after all it’s the business requirements that we strive to fulfill (isn’t it? 
I strongly believe we need to be mindful of what’s going on in the wider world from a Financial context so that we can understand (sometimes even before the business does?) why projects need to be revised or canceled?
The reality is that many other countries around the world have traditionally used the USD as a basis for their own currency, but with things shaping up the way they are the Fed’s changes are not relevant to other global and local economies and so as a matter of course they will start considering to break these traditional links and this may have further consequences on the perceived value and strength of the USD
Exciting times indeed?
Fears of dollar collapse as Saudis take fright
From the Telegraph.co.uk
Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signaling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East.
Ben Bernanke has placed the dollar in a dangerous situation, say analysts
"This is a very dangerous situation for the dollar," said Hans Redeker, currency chief at BNP Paribas.
"Saudi Arabia has $800bn (£400bn) in their future generation fund, and the entire region has $3,500bn under management. They face an inflationary threat and do not want to import an interest rate policy set for the recessionary conditions in the United States," he said.
The Saudi central bank said today that it would take "appropriate measures" to halt huge capital inflows into the country, but analysts say this policy is unsustainable and will inevitably lead to the collapse of the dollar peg.
As a close ally of the US, Riyadh has so far tried to stick to the peg, but the link is now destabilizing its own economy.
The Fed’s dramatic half point cut to 4.75pc yesterday has already caused a plunge in the world dollar index to a fifteen year low, touching with weakest level ever against the mighty euro at just under $1.40.
There is now a growing danger that global investors will start to shun the US bond markets. The latest US government data on foreign holdings released this week show a collapse in purchases of US bonds from $97bn to just $19bn in July, with outright net sales of US Treasuries.
The danger is that this could now accelerate as the yield gap between the United States and the rest of the world narrows rapidly, leaving America starved of foreign capital flows needed to cover its current account deficit - expected to reach $850bn this year, or 6.5pc of GDP.
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