Friday, December 19, 2008

Dollar inevitably loses world reserve currency status

World’s largest companies working on the global currency market say that the US dollar can no longer be considered a quiet harbor at the height of the financial crisis. The dollar hit its lowest level against the Japanese yen in 13 years and suffered the largest one-day slide against the euro after the Fed System cut interest rates to zero.

read more | digg story

No comments:

11-20-2024-B

Democratic Wins Media @DemocraticWins · Nov 18 BREAKING: Donald Trump is considering taking away Medicaid and food stamps from up to 70 mill...