U.S. dollar still rules, but debt level a risk: S&P



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U.S. dollar still rules, but debt level a risk: S&P

March 11, 2010

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U.S. dollar still rules, but debt level a risk: S&P

The U.S. dollar is still the most important world currency, Standard & Poor’s said on Thursday, but added that rising levels of U.S. debt and dependence on foreigners to finance much of pose risks to the currency’s primacy. Without a credible plan to rein in fiscal spending, the agency said external creditors could reduce dollar holdings, [...]

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Press Release

U.S. dollar still rules, but debt level a risk: S&P