Toxic Dollar: Why Nobody Wants U.S. Currency
Simon Hobbs, CNBCTraders are warning of a dramatic change in dollar selling. They fear central banks from the Middle East may force their Asian rivals to more aggressively drive the dollar down.Too Many DollarsIn 10 months, the Dollar Index has lost 14% because the world keeps accumulating dollars it doesn’t want and sells them. Asian central banks are key.
Source: http://www.realclearpolitics.com/2011/04/08/toxic_dollar_why_nobody_wants_us_currency_253447.html