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Dollar Seen Losing Global Reserve Status

From cnbc.com

The U.S. dollar will lose its status as the global reserve currency over the next 25 years, according to a survey of central bank reserve managers who collectively control more than $8,000 billion. AP More than half the managers, who were polled by UBS [UBS 17.35 0.04 (+0.23%)], predicted that the dollar would be replaced by a portfolio of currencies within the next 25 years. That marks a departure from previous years, when the central bank reserve managers have said the dollar would retain its status as the sole reserve currency. UBS surveyed more than 80 central bank reserve managers, sovereign wealth funds and ... (full story)

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