The dollar fell Tuesday after the U.S. government released a mixed batch of economic data, even while an official statement from the "BRIC" summit had no explicit mention of the buck.
Earlier, Russian officials had called for the creation of new reserve currencies in addition to the dollar and said the country may invest part of its currency holdings in bonds issued by Brazil, China and India.
"These proposals are based upon growing concern over the creditworthiness of the United States and the stability of the dollar amidst aggressive U.S. monetary and fiscal stimulus," said Michael Woolfook, senior currency strategist at Bank of New …
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