Wu Xiaoling triggers US dollar plummet

A comment by Wu Xiaoling, a People's Bank of China (PBOC) deputy governor, triggered the lowest US dollar fall in 19 months compared to the euro. Wu's…

1 minute readNovember 30, 2006 at 11:58 PM

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A comment by Wu Xiaoling, a People's Bank of China (PBOC) deputy governor, triggered the lowest US dollar fall in 19 months compared to the euro. Wu's remark that holding US-dollar reserves can be risky is partly credited with the plummet, reports the Financial Times.

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