Dollar Slides After China Calls for ‘Super-Sovereign’ Currency – Bloomberg.com

Dollar Slides After China Calls for ‘Super-Sovereign’ Currency – Bloomberg.com: “The dollar dropped against all of its most-traded counterparts after China repeated its call for a “super-sovereign” currency.

The greenback headed for its biggest weekly loss against the euro in a month after the People’s Bank of China said the International Monetary Fund should manage part of members’ foreign-exchange reserves. China is the biggest foreign holder of U.S. Treasuries, with $763.5 billion in April.”

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