Monday, October 26, 2009

FXStreet.com | People's Bank of China (PBOC) Official Says Euro & Yen Should Assume Larger Share of Global Reserves

Mon, Oct 26 2009, 11:35 GMT

The Overnight Express

The following is a summary of the main economic events from the weekend and Monday’s Asia-Pacific and European sessions:

  • PBOC’s Zhou Hai writes that although the U.S. dollar should remain the global reserve currency, the share of the euro and yen should increase.