Dollar Slumps to Record on China's Plans to Diversify Reserves

The dollar fell the most since September against the currencies of its six biggest trading partners after Chinese officials signaled plans to diversify the nation's $1.43 trillion of foreign exchange reserves.

//snipurl.com/1tb27



Dollar hits 26-year low against pound

The pound climbed to $2.10 for the first time since 1981 this morning, boosted by speculation that China was preparing to shift its foreign reserves out of dollars.

//business.guardian.co.uk/story/0,,2206584,00.html



Oil and gold leap as investors flee dollar

The dollar has fallen beyond $1.47 per euro, according to Reuters data, bringing its losses this year to around 10 percent. It also set record lows against a basket of six major currencies, on track for its biggest one-day fall since November 2006.

//snipurl.com/1tb2a



Oil blasts towards $99 on weak dollar

Oil stormed towards $99 a barrel on Wednesday, closing in on a triple-digit all-time high, driven by a slumping U.S. dollar and concern about a fuel supply crunch heading into the peak demand winter season.

//www.earthtimes.org/articles/show/137878.html


From Information Clearing House



//freepage.twoday.net/search?q=weak+dollar

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