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12 October 2009

Central Banks Now Avoiding US Dollars.

BLOOMBERG/
“Global central banks are getting more serious about diversification, whereas in the past they used to just talk about it,” said Steven Englander, a former Federal Reserve researcher who is now the chief U.S. currency strategist at Barclays in New York. “It looks like they are really backing away from the dollar.”
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Labels: central banks, US dollar, weakening dollar
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