In the last few days we could notice, that investors focus on Geithner’s plan. But I think there was one more important message - China’s call for new world currency. It appears that China is leveraging it’s vast reserves in order to reduce importance of american dolar.

This is not a single call. In Davos  we could hear Putin’s remarks about dolar monopolization.

Whatever outcome will be, there will be major FX moves. Be prepared.

This article was written on 25. March 2009 at 9:40. You can follow all the comments using RSS 2.0. You can comment, or link it trackback from your webpage.