what would it take to recress global imbalances and redress falling dollar? Answer: the US has to bomb Iran. very unusual or is it http://www.ft.com/cms/s/277471c2-8889-11db-b485-0000779e2340.html
Oil producers shun dollar By Haig Simonian in Zurich and Javier Blas and Carola Hoyos in London Published: December 10 2006 20:11 | Last updated: December 10 2006 20:11 Oil producing countries have reduced their exposure to the dollar to the lowest level in two years and shifted oil income into euros, yen and sterling, according to new data from the Bank for International Settlements. The revelation in the latest BIS quarterly review, published on Monday, confirms market speculation about a move out of dollars and could put new pressure on the ailing US currency. ____________________________________________________________________________________ Do you Yahoo!? Everyone is raving about the all-new Yahoo! Mail beta. http://new.mail.yahoo.com
