Oct
22nd
Thu
22nd
US Dry Powder Against Dollar Crisis Runs Low
In case of a disorderly US dollar decline, the Fed would need the kind cooperation of foreigners, since it could only counter it with a mere $83.4 billion in foreign exchange reserves (of which 78.9% in gold).
For a good read on the US dollar prospects, I suggest Richard Clarida (PIMCO)’s article.
