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  1. #1
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    RTFX is offline Senior Member
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    Aug 2008

    Default Statements by the Central Bank of China could trigger a fall in the Dollar.

    Statements by the Central Bank of China could trigger a fall in the Dollar.

    The following statements were released by the Central Bank of China:
         1. The Central Bank of China sees risks of depreciation for major currencies, including the dollar.
         2. The Central Bank of China says depreciation risk stems from quantitive easing policies.

    The comments from China are very important, according to a source who is an analyst in a major international bank, given that China is the largest holder of dollar globally. This could be the catalyst for a weaker dollar in the future.

    Emman Xuereb

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    firedoji is offline Junior Member
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    May 2009

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