Archive | November 6th, 2009

The U.S. Dollar: Our Currency, Europe’s Problem

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In 1971, then U.S. Treasury Secretary John Connolly told his European counterpart:   the dollar is our currency but your problem.   Fast forward to today and Mr. Connolly’s statement still rings true.   As the buck has slumped this year, the euro has become a favorite alternative to foreign exchange traders and central banks. [...]

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Posted in Asia, China, Economics, European Union, United States1 Comment


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