SYDNEY (Reuters) - The dollar headed for its biggest weekly fall in 24 years on Friday as investors feared the Federal Reserve's plans to buy longer-term government debt would erode the world's reserve currency.
"This is a historic moment, the start of debasement of the world's reserve currency, and it feels to many participants that in the grand sweep of history we are witnessing the end of 'Rome' on the Potomac," said Alan Ruskin, chief international strategist a RBS Greenwich Capital.
Analysts said the Fed's radical decision to buy $300 billion of longer-term government debt and vastly expand its balance sheet beyond the current $2 trillion meant more and more of the U.S. currency would be created, straining demand.
Made in Bucuresti, la sectia Maternitatea Giulesti. Crescut un pic mai incolo, pe langa Gara de Nord. Liceu de mate-fizica, ASE-ul, un an in industria alimentara, si din 2000 pana in prezent in industria petroliera.