Monday, March 30, 2009

Next Stop, Latin America: China's Effort to Reduce its Hefty Exposure to the Dollar

Though unlikely in the near-term, an alternative global reserve currency could greatly increase the cost of borrowing for the U.S. government forcing American debt into a zero-sum game.

Read more about a nascent, yet important trend noted in the the following article,  China, Argentina Reach Agreement on Currency Swap (Bloomberg).

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