Dienstag, 16. Juni 2009

Russia - whats the point?

Yesterday Russian Finance Minister Kudrin said the dollar is in ''good shape'' and this was another in a long line of dollar bullish comments from multiple officials of late. Today Russian comments move the markets once again today, sending dollar bulls running for cover. Russian President Dmitry Medvedev said that "the world needs new reserve currencies", after Kremlin economic aide Arkady Dvorkocich revealed that Medvedev will raise the reserve currency issue at the BRIC summit which takes place in Yekaterinburg today.

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