Comments made by Nouriel Roubini, at a conference in Athens, have served to undermine the USD.
The New York University economics professor said “We may see complimentary reserve currencies.” While it’s “not going to happen overnight” and the currencies won’t provide competition “initially” the development “will diminish the role of the dollar over time.”
Cable has shot back over 1.6400, presently up at 1.6470 (having been to 1.6491). Technical resistance 1.6495/00.
EUR/USD is up at 1.4035, having been to 1.4060.
