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View Full Version : Dollar Declines on Geithner’s Comment on IMF Drawing Rights - Bloomberg



NewsWhore
03-25-2009, 11:30 AM
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Dollar Declines on Geithner’s Comment on IMF Drawing Rights (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601101%26sid%3DaJSs_yxxpguc%26refer%3Djapan&cid=0&ei=JU_KScqcEZ_kQvTRyOIN&usg=AFQjCNGAgsyAVJlT-dQFRH97T3zwv72-Xg)
Bloomberg
The US currency pared losses after Geithner predicted the dollar will remain the world’s effective “reserve currency.” The special drawing rights are currency units valued against a composite of currencies. “It’sa basket of currencies, and the dollar ...


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