``Sentiment for the dollar continues to deteriorate very, very rapidly and if we're not careful this will turn into a dollar crash, said Mitul Kotecha, head of foreign-exchange research in London at Calyon, the securities unit of Credit Agricole SA, France's second-biggest bank."
"President George W. Bush acknowledged the U.S. currency's decline was not ``good tidings.'' The dollar's drop may prompt Middle East central banks to reduce dollar holdings, Greg Gibbs, a strategist at ABN Amro Holding NV in Sydney, said in a report."
Dollar Falls to 12-Year Low of 100 Yen on Carlyle Fund Failure
http://www.bloomberg.com/apps/news?pid=20601087&sid=a8q2vC2.8OyU&refer=home
1 comment:
Gaucho, tell me about it. No European vacation for me this year :)
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