Dollar may lose its reserve status

Oil, metals and even aircraft may one day be priced in euros, not dollars.

5th February, 2005

Oil, metals and even aircraft may one day be priced in euros, not dollars.

Dream on? As the dollar stays weak on foreign-exchange markets, with little sign of a sustained recovery, there is speculation that at some point commodity prices will drop the US currency.

If that happens, it would herald a wider realignment of the global financial system - and would indicate that the dollar's reign as the world's reserve currency is coming to...

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