Dollar Falls; Report Says China Wants G8 Forex Debate

2 July 2009  Wall Street Journal

Wall Street Journal

he dollar sold off Wednesday afternoon, falling nearly a full cent against the euro.

The move came after a report that China has asked to discuss the issue of a new global currency at next week's Group of Eight summit in Italy.

Reuters cited a G8 source who they say is involved in the negotiations.

http://online.wsj.com/article/BT-CO-20090701-709715.html