Pressure Builds On U.S. Dollar

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July 4, 2009

I don’t know about you, but I’m noticing more concern overseas these days about the greenback. From Bloomberg’s Mark Deen today: Suresh Tendulkar, economic adviser to Indian’s Prime Minister Manmohan Singh, is urging the government to diversify its foreign exchange reserves and hold fewer dollars, he said today. “The major part of Indian reserves are in dollars — that is something that’s a problem for us,” Tendulkar said in an interview in Aix-en-Provence, France today. He also said t
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