BRICs Add $60 Billion Reserves as Zhou Derides Dollar

[Skip to the end] “Brazil, Russia, India and China increased foreign reservesby more than $60 billion in May to limit currency gains” They don’t like to buy dollars but they don’t want their currencies to appreciate and risk export market share. And Bernanke, Geithner, and Obama want them to let their currencies appreciate to help our exports and [...]