Reserve Currency
After the Close: The Federal Reserve Announces New Reserve Currency Initiative
Submitted by Marla Singer on 11/25/2009 16:00 -0500
Ben "Darth" Bernanke...
PIMCO On The Dollar As A Reserve Currency
Submitted by Tyler Durden on 08/19/2009 09:25 -0500"And while we have not yet reached the point where a new global reserve currency will arise, we are clearly seeing a loss of status for the U.S. dollar as a store of value even in the absence of a single viable alternative. In combination with other factors, that likely means a continuing devaluing of the U.S. dollars versus other currencies, especially the EM currencies. Accordingly investors should consider whether it makes sense to take advantage of any periods of U.S. dollar strength to diversify their currency exposure."
