Word: euros
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Dates: during 2000-2009
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...that the Gulf Arab states and China, Russia, Japan and France are working to end the use of the dollar in oil trading by 2018. Citing "Gulf Arab and Chinese banking sources in Hong Kong," the newspaper said the plan is to price oil using a basket comprising gold, euro, yen, renminbi and a new unified currency for the Gulf Cooperation Council countries...
...Australian dollar jumped 2.6% vs. the greenback after the rate hike was announced. The U.S. dollar also continued to fall against the euro, which ended the week at $1.47, up 1.2% from before the Australian move. Like the Japanese yen, the dollar has effectively become a carry-trade currency. People borrow in the U.S. currency and use the proceeds to buy the Australian dollar, profiting from the interest rate differential and also the greenback's downward spiral. (See pictures of TIME's Wall Street covers...
...fact that these assertions are being made at all shows how seriously confidence in the dollar has been shaken. The world's central banks are starting to shun the dollar. According to Barclays Capital, nations reporting currency breakdowns of their reserves invested 63% of new cash in euro and yen in the quarter to June 2009. It seems the U.S. will have to resign itself to a weaker currency until its economic house has been fully repaired...
...this week. Daly supplies wines to Drogheda's hotels and restaurants and says business has been "very tough" in the past year. "People may be unhappy with the government, but to punish them in the Lisbon vote would be the wrong thing to do. Being a member of the euro [currency zone] is what's got us through the crisis so far. I can't see Ireland surviving alone." (See 10 things you didn't know about money...
...talking about their desire to rekindle closer ties with their neighbors across the Rhine. Since the end of World War II the Franco-German relationship has been the motor of European integration, the driving force behind the creation of the European Union and, more recently, the introduction of the euro. But the ardor has cooled in this decade, particularly under Merkel, who has regularly struggled to conceal her irritation with French President Nicolas Sarkozy's grandstanding. Sarkozy, in turn, has often been impatient with what he considers Merkel's lack of resolve...