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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: Secret_Agent_Man who wrote (30981)10/15/2010 2:00:44 PM
From: Giordano Bruno  Read Replies (1) | Respond to of 71456
 
It's coming, I'm telling ya > Alexei Ulyukayev, first deputy president of the Bank of Russia, has announced that it is canceling the fixed exchange rate corridor of 26-41 roubles to the Euro-Dollar currency basket it is currently managed between.

“In fact, we rejected a tight currency corridor, we have a floating one, where we operate, both inside it and its borders…, which makes it more difficult for market speculators to work out their strategies and smoothens intraday and longer term currency fluctuations.”

rt.com

What reserve currency?