Oil, metals and even aircraft may one day be priced in euros, not dollars. Dream on? As the dollar ...
Oil, metals and even aircraft may one day be priced in euros, not dollars. Dream on? As the dollar stays weak on foreign-exchange markets, with little sign of a sustained recovery, there is speculation that at some point commodity prices will drop the US currency. If that happens, it would herald a wider realignment of the global financial system - and would indicate that the dollar's reign as the world's reserve currency was coming to a close. It is too early to conclude the dollar is finished. Yet the challenge is real and growing. The world may well be set for a period during which the...
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