Financial Times FT.com

Dollar retreats as Bric leaders gather

By Peter Garnham

Published: June 17 2009 03:00 | Last updated: June 17 2009 03:00

The dollar lost ground yesterday as the leaders of Brazil, Russia, India and China met in the Russian city of Yekaterinburg.

Analysts said the first summit of the fast-growing "Bric" nations thrust the sustainability of the dollar's reserve status to the top of the currency market's agenda once again.

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