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August 28, 2010

U.S. Dollar Losing Clout in Asia

Yap Leng Kuen, China Post

KUALA LUMPUR -- It may be easier said than done — to reduce the interdependence on the U.S. dollar while encouraging transactions in regional currencies. The U.S. dollar has been the major currency for so long that markets dealing in it will naturally be more liquid and prices more easily obtainable.

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TAGGED: Malaysia, United States, Asia

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