Dollar is down 12% from high in March 09. Will drop most against emerging market currencies. Investors might want to diversify
While we have not yet reached the point where a new global reserve currency will arise, we are clearly seeing a loss of status for the U.S. dollar as a store of value even in the absence of a single viable alternative,. .....
China, the world’s largest holder of foreign- currency reserves, and Russia have both called for a new global currency to replace the dollar as the dominant place to store reserves. ....
The greenback is falling this year 09 as U.S. authorities pledged $12.8 trillion to combat a recession that has cost financial companies $1.6 trillion in writedowns and losses, raising concern there is an oversupply of the currency
