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HSBC view on China’s call for global reserve currency

PUBLISHED ON: August 8, 2011 | Duration: 6 min, 58 sec

  
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Leif Eskesen, chief economist for India & ASEAN at HSBC, says the US debt rating downgrade will result in volatility in markets and more funds flowing into safe assets in the short term. He also says in the medium term you may see diversification from the US dollar to reserve currency but not in the short term.
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