Sweden Ditching Dollar
April 21st, 2006 by 
independence
“NEW YORK (MarketWatch) — The dollar was lower across the board early Friday after the Swedish Central Bank said it had significantly reduced its holdings of dollars in its foreign exchange reserves. The Riksbank said it cut the share of dollar-denominated assets by 17% to 20% and boosted the euro’s share by 13% to 50%.”
The dollar losing its status as the reserve currency as we watch.
Posted in Inflation & The Dollar | 