[lbo-talk] exiting the dollar

Miles Jackson cqmv at pdx.edu
Wed Nov 24 11:30:47 PST 2004


On Wed, 24 Nov 2004, Doug Henwood wrote:


> 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).

In the words of scooby-doo: "rutt-roh!" (Hey, I beat DRR to the pop culture reference for once!)

Miles



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