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Russia and Korea send dollar plummeting
Public Policy; Political and Legal Newslorenzo writes: The rate of the American currency is sliding on the world markets again. The USD has dropped against the euro, the English pound, the Swiss frank, the Japanese yen and the Russian ruble. Yet another reduction of the US dollar rate occurred because of the decision of the South Korean Central Bank to convert a part of its dollar reserves into euros..

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Posted on Saturday, February 26 @ 08:49:58 PST by MarkL
 
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Re: Russia and Korea send dollar plummeting (Score: 1)
by edpeak on Sunday, February 27 @ 10:08:29 PST
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The articles claims Soros said Russia and other oil
producers are "deliberalely causing" (or "causing deliberate
damage" is their more indirect phrase) to the US economy...but
other articles quote Soros saying it's only natural
(and I have to agree with him) that lower dollars CAUSE
them to shift their currencies because they need to p rotect
their revenue ..their revenue is hurt if they keep accepting a declining
dollar (oil sellers)



Re: Russia and Korea send dollar plummeting (Score: 1)
by nebraska86 on Tuesday, May 30 @ 09:20:36 PDT
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