dead
03-21-2007, 01:20 PM
http://today.reuters.com/news/articleinvesting.aspx?type=hotStocksNews&storyID=2007-03-20T145650Z_01_T68421_RTRUKOC_0_US-MARKETS-FOREX.xml
NEW YORK (Reuters) - The dollar fell sharply against the yen on Tuesday, erasing earlier gains, after a magazine reported that China would stop stockpiling foreign exchange reserves.
The Emerging Markets magazine quoted Chinese central bank Governor Zhou Xiaochuan as saying "many people say that foreign exchange reserves in China are (already) large enough."
NEW YORK (Reuters) - The dollar fell sharply against the yen on Tuesday, erasing earlier gains, after a magazine reported that China would stop stockpiling foreign exchange reserves.
This gotta hurt.
Only thing to wait for is when they start dumping the dollar.
NEW YORK (Reuters) - The dollar fell sharply against the yen on Tuesday, erasing earlier gains, after a magazine reported that China would stop stockpiling foreign exchange reserves.
The Emerging Markets magazine quoted Chinese central bank Governor Zhou Xiaochuan as saying "many people say that foreign exchange reserves in China are (already) large enough."
NEW YORK (Reuters) - The dollar fell sharply against the yen on Tuesday, erasing earlier gains, after a magazine reported that China would stop stockpiling foreign exchange reserves.
This gotta hurt.
Only thing to wait for is when they start dumping the dollar.