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On March 23, 2009, China made public announcements to overhaul the global monetary system, thereby questioning the role of the US dollar as the reserve currency.1 Chinese officials have gone on record saying they want to move the global currency peg... Full Article at The Market Oracle
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Budapest: The global economic recovery is liable to run out of steam and the risk of a double-dip recession remains real, billionaire investor George Soros said on Friday, a day after the US economy returned to growth. Full Article at Zee News
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Mumbai: The Reserve Bank of India (RBI) has proposed to permit stock exchanges to offer trading in currency futures contracts of the rupee with euro, yen and pound sterling to allow importers, exporters, corporate houses and banks to hedge their risk... Full Article at Expressindia.com
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It seems simple enough: If investors are souring on the dollar and gravitating to other currencies, why not follow along? But deciding to move money beyond the greenback is easier than figuring out where to go. Full Article at Pittsburgh Entertainment
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The rupee movement against major world currencies is in the limelight again since the last few weeks. Full Article at Economic Times
Related Quotes
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I regret to tell you that the recovery is liable to run out of steam and may even be followed by a 'double dip,' although I am not sure whether it will occur in 2010 or 2011
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For China, it was an external shock which hurt exports but left the financial, political and economic system unscathed
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The dollar no longer enjoys the trust and confidence it once did, yet no other currency is in a position to take its place
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If you look at the move, I’m sure they were in
SOURCE: Bloomberg.com
