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Dollar death watch continues.(against euros)(Brief article)
With the U.S. National Debt over $8 trillion, and our trade deficit exceeding $742 billion (more than 7 percent of our Gross National Product), central bankers "from Stockholm to Abu Dhabi [are] seeking shelter from the falling dollar," reported Bloomberg News Service on May 15. "Sweden's Riksbank said [in April] that it had almost halved its dollar holdings in favor of the euro, and central banks in Qatar and the United Arab Emirates said they were buying Europe's common currency."
The euro is ...
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Source: HighBeam Research, Dollar death watch continues.(against euros)(Brief article)