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Dollar Slumps as BIS Forecast Looms Over Markets
The U S dollar fell to new lows against the franc in Paris and the mark in Frankfurt while gold surged toward 122 an ounce. The Bank for International Settlements warned the dollar crisis may persist for years and urged reforms as bankers convened in Basel to seek agreement on reordering the world monetary system.
MENTIONED IN THIS ARTICLE
Bank of International Settlements
Paris
Frankfurt
Basel
Switzerland
Bank For International Settlements