The US dollar could be almost dead in 15 years

This week, the World Bank published a report predicting the demise of the US dollar as the major reserve currency by 2025. The transition will be driven by emerging market growth rates of 4.7% a year, compared to only 2.3% for developed countries. Six countries, Brazil, China, India, Indonesia, Russia, and South Korea, will account for half of the world economy by then.

Euro Advances on Prospects Debt Crisis Will Be Contained

The euro climbed towards a 15-month high against the U.S. dollar on Thursday on estimations that the cwill be contained, and following disappointing U.S. economic data.

The dollar fell against most of its major currency counterparts today after a report showed that applications for jobless benefits rose by 27,000 in the week ended in April 9 to 412,000, well above expectations for 379,000 claims, said the Labor Department.