China Central Bank adviser expects long-term dollar decline

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China Central Bank adviser expects long-term dollar decline

BEIJING : The US dollar is likely to weaken over the long-term, although it may rebound in the short run, Xia Bin, an ac

Syed Murtaza Gheblehzadeh 23 Aug, 2011

Fears of another US recession and the ultra-loose monetary policy in the United States has put pressure on the dollar to weaken against major currencies as well as the Chinese yuan.

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