This piece of news seems to have been mainly responsible for the dollar’s fall from grace, with EUR/USD up at 1.4190, while cable is back over 1.6400 at 1.6405.
The leaders of the world’s biggest emerging markets may discuss the idea of a supranational currency this month when they meet for a summit in Russia.
President Dmitry Medvedev’s spokeswoman said “I do not exclude that the Russian president’s idea about the creation of a supranational currency and the rouble as a reserve currency will be discussed.”
