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Dollar holdings risky, SAFE official warns

By Kevin Yao and Zhou Xin | China Daily | Updated: 2011-06-09 07:56

Dollar holdings risky, SAFE official warns

The US federal budget deficit is expected to reach $1.4 trillion this year and to remain high for several years. Wu He / for China Daily

BEIJING - China should guard against risks from "excessive" holdings of US assets because Washington could pursue a policy to weaken the dollar, a senior currency regulator said in comments published on a website that briefly pushed the dollar lower.

Dollar holdings risky, SAFE official warns

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