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Re: The Dollar 

By: clo in FFFT | Recommend this post (1)
Sun, 27 May 12 8:09 PM | 93 view(s)
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Msg. 42566 of 65535
(This msg. is a reply to 42565 by killthecat)

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Hi KTC,

Regarding the dollar, with Europe in a quagmire, China has slower growth than expected, & Japan still treading water, isn't the dollar still the 'safest' bet & the preferred choice?




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The above is a reply to the following message:
The Dollar
By: killthecat
in FFFT
Sun, 27 May 12 7:32 PM
Msg. 42565 of 65535

The dollar’s death by a thousand cuts just sustained a major blow as Kyodo News announced Saturday that Yen-Yuan direct trading will begin in June.

Japan and China are expected to start direct trading of their currencies as early as in June as part of efforts to boost bilateral trade and investment.

With the new step, exchange rates between the yen and the yuan will be determined by their transactions, departing from the current ”cross rate” system that involves the U.S. dollar in setting yen-yuan rates.


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