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Russia, China May Buy Canada Dollars to Diversify

Posted by Dean Popplewell at 5:58 am UTC, 12/23/2009

Canada’s Finance Minister Jim Flaherty said China, with the world’s largest currency reserves of $2.3 trillion, may be poised to buy Canadian dollars as it seeks to shield its reserves against the U.S. dollar’s decline.

Bloomberg

Filed under: Forex Round Up, USD, CAD

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