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There remains a very wide divergence on opinions on the USD levels with IMF Strauss- Kahn stating yesterday that it could go lower. Today, US Treasury Paulson reiterates, similar to comments yesterday, that a strong USD is in the US interests and that he has been fairly consistent on the USD policy. Even Iran is getting involved now, which may or may not have something to do with increased pressure for a vote on sanctions that have been delayed since it did not meet China"s schedule. That being said, Iran wants OPEC to mention the weak USD. What is interesting is that the comment from Iran comes after it moved to have Japanese companies pay for oil in JPY and after their reports that they apparently had divested themselves on their USD holdings, largely because of US banking restrictions on Iraq. |