La chine lache le dollar
12/09/2008 à 08:48
04:45 EUR/USD: China Daily Diversification Story Supports Sydney, September 12: Traders say that a report in today"s China Daily saying that China may cut back US dollar holdings is giving the EUR/USD some support. The report states that China holds up to 400 BLN USD in Fannie Mae and Freddie Mac debt and CICC Chief Economist Ha Jiming said in a report Thursday "the crisis has made Chinese officials realize it"s a bad idea to put all their eggs in one basket," before adding "this will likely lead to greater diversification of foreign exchange reserve investments." The CICC report said that China is likely to reduce the portion of reserves in dollar assets from the current 60 percent by purchasing more non-dollar assets with new reserves.
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