20
August
Pimco Says Dollar to Weaken as Reserve Status Erodes
20 August 2009 Bloomberg.com
Pacific Investment Management Co., the world’s biggest manager of bond funds, said the dollar will weaken as the U.S. pumps “massive” amounts of money into the economy.
The dollar will drop the most against emerging-market counterparts, Curtis A. Mewbourne, a Pimco portfolio manager, wrote in a report on the company’s Web site. The greenback is losing its status as the world’s reserve currency, he said.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aeD0JMxdEA_c
