Monday, October 12, 2009


Dollar facing 'power-shift': analysts

Dollar facing 'power-shift': analysts
Oct 11 03:18 PM US/Eastern
Breitbart.com

The dollar's position as the world's leading reserve currency faces increased pressure as the financial crisis allows emerging economiesgreater 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.
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