Dollar Falls Vs Euro, Yen On China Reserves Report
Monday, October 26, 2009. TOKYO (MarketWatch) — The dollar fell against the euro and the yen in Asia on Monday after an official newspaper of the Chinese central bank said China should cut its U.S. dollar holdings, adding to concerns over the unit’s global reserve currency status. [...]
From the category archives:
Forex Trading
Dollar’s fall last week is exactly what I’ve been warning about. Bear market in dollar is NOT over. See this article from Bloomberg. — Larry Dollar Staggers as U.S. Unleashes Cash Flood, Deficit (Update2) Dec. 15 (Bloomberg) — The biggest foreign-exchange strategists and investors say the best may be over for the dollar [...]
