Will USD bulls turn deaf ears to diversification talk?

by gracecheng | November 12, 2006 at 04:27 am
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Last week, US dollar slid when the governor of the People's Bank of
China, Zhou Xiaochuan, reiterated that the central bank has plans to
diversify its foreign reserves. It is suggested that roughly 70% of
China's $1 trillion worth of reserves are in dollar-denominated debt.
However, the........

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