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11-29-2004, 10:50 AM
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#1 (permalink) |
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It's not what you think
Supporting Member 
Join Date: Jul 2004
Location: Eastern U.S.
Posts: 212
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India, China And Others Dumping US Dollar to Buy Euro
By Bala Vaddi Special
Correspondent IndiaDaily.com The India, China and other countries have started dumping the US Dollar quietly and buying the Euro. That has put a very serious pressure on the US Dollar. Chinese and Indian central bank officials denied such reports. But Foreign exchange traders say they are quite convinced of Indian and Chinese moves. According to some traders, there are many other countries, especially oil rich Middle Eastern countries, running away from dollar. Copyright© 1997-2005, Indiadaily.com http://www.indiadaily.com/editorial/11-27-04.asp |
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Local Time: 07:45 AM
Local Date: 11-22-2008 
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12-02-2004, 12:03 AM
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#2 (permalink) |
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Senior Member
Join Date: Oct 2004
Location: Colorado
Posts: 749
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Re: India, China And Others Dumping US Dollar to Buy Euro
But shouldn't they be selling high and buying low?
I think this was a over reaction and will correct. At any rate it gives us something to think about. |
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Local Time: 08:45 AM
Local Date: 11-22-2008
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12-02-2004, 06:22 AM
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#3 (permalink) | |
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Senior Member
Join Date: Aug 2004
Location: Scotland
Posts: 4,562
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Re: India, China And Others Dumping US Dollar to Buy Euro
Quote:
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Local Time: 03:45 PM
Local Date: 11-22-2008 
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