On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1450 AM Holland, MI

Weather

Current Conditions(Holland,MI 49422)

More Weather »
75° Feels Like: 75°
Wind: N 7 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Partly Cloudy 73°

Tonight

Mostly Clear 51°

Tomorrow

Sunny 74°

Alerts

China central bank adviser expects long-term dollar decline

To match SPECIAL REPORT DOLLAR/
To match SPECIAL REPORT DOLLAR/

BEIJING (Reuters) - The U.S. dollar is likely to weaken over the long-term, although it may rebound in the short run, Xia Bin, an academic adviser to the central bank said on Tuesday, reiterating his long-held view.

Fears of another U.S. recession and the ultra-loose monetary policy in the United States has put pressure on the dollar to weaken against major currencies as well as the Chinese yuan..

(Reporting by Zhou Xin and Kevin Yao; Editing by Ken Wills)

Comments