Posted:
#1
from CNBC.....
07 Nov 2007 12:17 PM est
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LONDON (Thomson Financial) - The dollar remained close to record lows against major currencies, still pressured by comments out of China that it may diversify reserves away from the US currency, and after a Fed official defended September's interest rate cut.
The dollar weakened to a record low of 1.4729 against the euro, and to 2.1070 against the pound after Cheng Siwei, vice chairman of China's National People's Congress said the Asian giant may switch to "stronger" currencies.
(guess they are tired of being paid with shit paper)
I'm wondering when the OPECers are going to switch over to the EURO?
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