8/11:China to diversify its foreign reserves as stock prices drop

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[URL="http://www.forexpros.com/analysis/market-analysis/china-to-diversify-its-foreign-reserves-as-stock-prices-drop-1743"][/URL]"U.S. Dollar Trading (USD) eased once again across the board before being relieved as sell off in global stock caused risk aversion to take its course. Many of the moves came during the Asian session as comments by a Chinese official stoked fears the central bank of the world’s fourth largest economy would reduce its holding of US assets, referring to the Euro as an alternative. "