Oil price threat to the dollar

- By FX Markets Staff
- @FXMarkets_
- 21 Mar 2005

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According to the latest Federal Reserve custody data, foreign central banks' holdings of Treasuries currently stand at US$1.079 trillion, compared with a total amount of outstanding marketable Treasuries of US$3.975 trillion. This concentration of US government debt in overseas official hands looks even more remarkable considering the overall holdings of Treasuries, according to Reuters, by foreign investors (both private or public) currently amounts to US$1.936 trillion.

In light of this, it is

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