Center for Research on Globalization - 17 hours ago
China and Russia are quitting US dollar or at least significantly cutting the dollar share in their forex reserves. Politically correct American analysts call this process �rapid forex reserves diversification�.
In an interview with WSJ's David Wessel, Cornell's Eswar Prasad, author of a forthcoming book, "The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance," explains why the U.S. currency remains so dominant despite all the nation's woes.
TORONTO, - The Canadian dollar fell to a two-year low against the greenback on Monday, ahead of a Bank of Canada meeting later in the week and as investors were watching a slew of economic data south of the border for clues on the future of U.S. ...
2013/12/04 17:56:42. Taipei, Dec. 4 (CNA) The U.S. dollar fell against the Taiwan dollar Wednesday, shedding NT$0.01 to close at NT$29.692 as traders took cues from a technical rebound staged by the Japanese yen, dealers said.
TORONTO--The Canadian dollar reached a new multi-year low late Wednesday morning, trading at a level last seen in May 2010 after the Bank of Canada's policy rate statement left enough room for investors to see a more dovish tone from the central bank.