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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (281302)3/23/2006 4:03:30 AM
From: Elroy  Read Replies (3) of 1572621
 
UAE, Saudi considering to move reserves out of dollar

This continues to be a worrisome trend. There is a movement afoot to hurt the US economically.

I'm sure this is more driven by the dollar's ~25% decline versus other currencies in the past 3-4 years than any political reason. Since most of their reserves are dollars and their currencies are linked to the dollar, the weakening of the dollar hurts their purchasing power.

Here's the dollar versus the Euro for the past five years:

finance.yahoo.com
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