China Shifts From Dollar –

China is starting to make moves away from the U.S. Dollar and towards the Euro and the Yen.   Concerns relating to the U.S. economy were cited as one of the reasons.  China has the largest foreign exchange reserves amounting to $2.45 trillion.

To read a related Bloomberg article, please click here:

http://www.bloomberg.com/news/2010-08-15/china-favors-euros-over-dollars-as-bernanke-shifts-course-on-fed-stimulus.html

Jim Sutliff

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