Tuesday, February 22, 2005
Dollar Watch
Oil exporters' shift to euros hurts dollar
Moves by Middle East oil exporters and Russia to switch some revenue from dollars to euros lie behind the U.S. currency's weakness, and a further rise in crude prices could prompt more declines, billionaire investor George Soros said Monday.
http://www.usatoday.com/money/economy/trade/2005-02-21-soros-dollar_x.htm
Moves by Middle East oil exporters and Russia to switch some revenue from dollars to euros lie behind the U.S. currency's weakness, and a further rise in crude prices could prompt more declines, billionaire investor George Soros said Monday.
http://www.usatoday.com/money/economy/trade/2005-02-21-soros-dollar_x.htm
