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Thursday, November 09, 2006

USD gets hurts by comments from CHINA

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The USD is getting hurt by the comments calling for more diversification of PBOC FX Reserves.

Some talk about asset classes... meaning they could buy other fixed income than US, Perhaps diversify into more non-traditional assets like commodities or commodity properties (we have seen some indication for this in 2006) or just other currencies than USD. Market unsure, but USD negative...

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