Dollar still seen as world's reserve currency: Bullard

22 November 2009 @ 08:00 pm EDT

The dollar's appreciation at the height of the financial crisis shows that markets still view the dollar as a safe haven and the world's main reserve currency, a senior Federal Reserve official said on Sunday.


A bank employee poses holding U.S. one hundred dollar notes at a bank in Seoul
A bank employee poses holding U.S. one hundred dollar notes during a photo opportunity at a bank in Seoul November 19, 2009.
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"We don't want to lose that," role, St. Louis Federal Reserve Bank President James Bullard said after giving a presentation on a panel.

"2008 into 2009, the rest of the world did a flight to safety, they came to the dollar," Bullard said. "The dollar appreciated during the crisis."

The dollar's recent decline has to be viewed in that context, he added.

Copyright 2009 Thomson Reuters. All rights reserved.

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