The Declining US DollarThe U.S. Dollar position is constantly deteriorating in virtually every region of the world and in virtually every category of trade. It fell by 30% against floating currency from its peak in February 2002. Recent statistics show that the world central banks were net sellers of US assets in March for the first time since September 2002. World Central Banks net sales stood at $14.4billion with the Central Bank of Norway leading the sale. Indicators point to the fact that the dollar may not be a great bet says David Bloom,...
Friday, December 15, 2006
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