30.06.2009 - Dollar rises as China says currency may dominate global trade

From Bloomberg: The dollar rose after China said the U.S. currency may keep dominating global trade and ruled out any “sudden” changes to its foreign-exchange reserves. The dollar gained versus the Australian dollar, yen and Swiss franc after Guan Tao, deputy head of the international payment department at the State Administration of Foreign Exchange, wrote in Chinamoney Magazine that the greenback may maintain its status as the world’s reserve currency........Full Article: Source

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