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Saturday, October 17, 2009

Hype or true disaster - Dollar facing 'power-shift': analysts

Hype or true disaster, can we kiss the dollar goodbye....

From the AFP:

The dollar's position as the world's leading reserve currency faces increased pressure as the financial crisis allows emerging economies greater influence on the world stage, analysts said.......A report last week in The Independent claiming that China, Russia and Gulf States are among nations prepared to ditch the dollar for oil trades has heightened the uncertainty surrounding the US currency's future.

Read Here: Dollar facing 'power-shift': analysts

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