No Credible Alternative to the Dollar - Moody's

[Toro]

Moody’s Investors Service said the dollar’s unchallenged status as the world’s reserve currency is supporting U.S.’s Aaa credit rating even as the nation’s budget deficit is set to quadruple this year.

“In the absence of a credible alternative it’s hard to see abrupt changes and that’s not even in the interest of the creditors,” Pierre Cailleteau, managing director of sovereign risk at Moody’s, said in an interview in Tokyo yesterday. The credit rating “remains solid,” he said earlier at a briefing.

Moody’s Says World Has ‘No Credible Alternative’ to U.S. Dollar - Bloomberg.com

 

[Toro]

Dollar reserves have risen.

The IMF's authoritative Currency Composition of Official Foreign Exchange Reserves (COFER) report last week indicated that the dollar's share of global reserves (where the allocation is reported) rose to 65%, to stand at its highest since 2007.

http://www.thestreet.com/p/_search/rmoney/currencies/10534879_2.html

 

[Oddball]

Agreed....No credible alternative at all.

 

[xsited1]

No Credible Alternative to the Dollar - Moody's

Give Obama and his banking buddies some time. They've only begun to destroy the US economy.