Subprime, FX reserve shifts top dlr risks-Porsche

Newswire

STUTTGART, Germany, Nov 28 (Reuters) - The U.S. subprime mortgage crisis and prospects that central banks will increasingly diversify foreign exchange reserves away from the dollar are the two biggest risks to the U.S. currency, Porsche Chief Financial Officer Holger Haerter said on Wednesday. The German sports car maker earlier said it had extended its currency hedging period out to six years because it believed the euro could appreciate to $1.50 or even $1.60. (Reporting by Christiaan ...

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