French President Sarkozy is making currency mischief again. He says you cannot have a multi-polar world and a single currency. Presumably he means the dollar as the single reserve currency.
Sounds like he is appealing for a reserve role for the EUR, as well as implicitly for the Yuan.
EUR/USD has seen a bit of profit-taking after the 1.4842 stall and trades now at 1.4792.
