Monday, October 26, 2009

America Weak Dollar Policy: You Can Envision All Sorts of Crises

America Weak Dollar Policy: You Can Envision All Sorts of Crises


The Dollar Index hit yet another 14-month low early Monday after a Chinese central bank official urged the PRC to diversify its reserves into more euro and yen. A stronger-than-expected GDP report in South Korea also put pressure on the greenback as traders expect other central banks to follow Australia's lead and raise rates while the Fed stands pat.

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