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Russia Central Bank Deputy Chair Melikyan sees no alternative to dollar, euro in near future

By Gerry Davies  || July 15, 2009 at 08:52 GMT
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Russia’s central bank deputy chairman Gennady Melikyan sees no alternative to the dollar or euro in the near future as leading reserve currencies, telling reporters “the euro and dollar will dominate for now.”

The comments have given the USD and EUR a lift against the other majors, cable presently down at 1.6345 (jobs data impacting as well) while EUR/JPY and EUR/GBP are up at session highs, 131.68 and .8597 respectively.

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Category: All, Central Banks, Europe, Geopolitics, Politics/Policy, Regions
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