[lbo-talk] exiting the dollar

Doug Henwood dhenwood at panix.com
Wed Nov 24 10:25:37 PST 2004


Excerpt from Merrill Lynch's morning memo, attributing dollar weakness to:


>comments out of Russia's central bank that it is considering
>reweighting its $113 bln cache of FX reserves out of dollars (64%
>share) and into euros (20% share).



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