Skip to main content

View Diary: Dollar Still Falling, Nears All-Time Lows (169 comments)

Comment Preferences

  •  Dollar is still primary reserve currency, but... (2+ / 0-)
    Recommended by:
    Detlef, Thoughtful David

    the euro, pound and yen are gaining as more and more countries move towards holding their reserves in a basket of currencies. As you say, the more countries move their reserves towards a basket of currencies, the more downward pressure we'll see on the dollar.

    In 2006 Q4, the world's reserves were held in the following currencies:

    64.7% dollars
    25.8% euros
    4.4% pounds
    3.2% yen

    "What is government itself, but the greatest of all reflections on human nature?" - J. Madison

    by berith on Tue Apr 24, 2007 at 07:19:02 AM PDT

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site