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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

IMF official says U.S. dollar reserve status to stay

Posted on 16 June 2009

From Reuters: The U.S. dollar will remain the main global reserve currency “for as far as we can see” and the recent spike in longer-dated U.S. government bond yields is not a sign of inappropriate monetary policy, a top IMF official said on Monday.

The U.S. dollar and Treasury debt securities have come under pressure as worries have grown that the government’s massive efforts to rescue the economy from the longest recession since the Great Depression would undermine the appeal of U.S. assets to foreign investors…….Full Article: Source


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