Dollar still seen as world’s reserve currency: Bullard
Written on November 23, 2009
The dollar’s appreciation at the height of the financial crisis shows that markets still view the dollar as a safe haven and the world’s main reserve currency, a senior Federal Reserve official said on Sunday.
“We don’t want to lose that,” role, St. Louis Federal Reserve Bank President James Bullard said after giving a presentation on a panel.
“2008 into 2009, the rest of the world did a flight to safety, they came to the dollar,” Bullard said payday loans guaranteed no fax. “The dollar appreciated during the crisis.”
The dollar’s recent decline has to be viewed in that context, he added.
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