Market spooked by 'dollar demise'
NEW YORK - Widespread reports of the "dollar's demise" last week proved to be greatly exaggerated, to paraphrase Mark Twain. Yet analysts agreed the sell-off that greeted repeated threats to the dollar's position as the world's reserve currency last week showed the downtrend is firmly in place, as the unit's long-term status erodes.
Even reported intervention from a number of Asian central banks buying dollars on October 8 did little to reverse the dollar's fortunes. "It momentarily stems the
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