United Nations experts to recommend move from dollar to a shared currency CCY

[Skip to the end] UN Panel says world should ditch dollar by Jeremy Gaunt Mar 18 (Reuters) — A United Nations panel of experts Who don’t understand how monetary systems work…. will recommend next week that the world move away from using the dollar as a reserve currency and adopt a shared basket of currencies […]

Strong $ AND strong yuan?

Reminds me of the guy who loves money and wants to abolish taxes. I do think the push is now for a stronger $, however, and we’ll see tomorrow if the Fed is on board. As a friend of mine pointed out, a firming $ will likely trigger domestic and international portfolio reallocations back towards […]

Paulson on the dollar

Maybe he knows the fed won’t cut the fed funds rate…. Paulson says economy healthy updated 10:33 p.m. ET, Fri., Dec. 7,2007 SOURCE: Reuters Treasury Secretary Henry Paulson said on Friday Washington was following a strong dollar policy and indicated he expected it to rebound, emphasizing the U.S. economy’s long-term strength should help the currency. […]