Dollar jitters continue, with none other than Alan Greenspan now warning that the party may be over for the greenback as foreign investors tire of paying for the US's uncontrollable fiscal deficit and consider shifting to other currencies. Reports reveal that China has been doing that for quite some time now, reducing its dollar holdings from 82% in 2003 to 76% in 2004.
[via Asia Times Online]
No comments:
Post a Comment