Bankers and investors expect euro to continue to slide; New global reserve currency required to replace fraying dollar

by admin on June 28, 2010

The euro’s value is forecast to slip further over the next 12 months, more than two-thirds of the world’s senior bankers, hedge funds and private-equity managers said in a RBC Capital Markets survey. Separately, a report published last week says a new global reserve currency is required to replace the fraying dollar.

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