Soros Says ECB Rate Hike "Inappropriate" in Debt Crisis

Soros at Bretton Woods II conference:" The big question is whether the U.S. dollar should be the main reserve currency; and in fact it no longer is, but there is the euro as an alternative and there is a lot of diversification into other currencies, and even more into commodities. Not only gold but actually Oil , Oil is now an asset class for investors and that has put some upward pressure on the commodities"