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Wednesday, October 07, 2009

Will U.S. dollar finally lose its shine?

The U.S. dollar is currently in its fall after rumours mentioned the Gulf State, China and Russia are in discussion of dropping U.S. as the default trading currency with a new currency for oil. If this goes through, U.S. dollar is definitely going to lose its shine.

Will the fall in U.S. dollar going to result in currency conversion losses for shares, Unit Trusts, ETFs, etc. that are traded in the dollar?

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