Just recently I took part in a very interesting discussion program for NHK television in which economists and strategists from around the world came together to debate the state of the global economy and what kind of a beating the financial markets were liable to take as a result of the ongoing subprime securitization crisis.
The discussion eventually gravitat- ed toward currency issues and we found ourselves talking about the next global key currency.
Has the dollar finally had it as the reigning key currency?