China's reserves plan 'won't hurt U.S. dollar'

There is only a small chance of any immediate fallout on the U.S. dollar resulting from China's decision to alter the way it plans to manage its $1.06 trillion in foreign exchange reserves, according to The Wall Street Journal.

Chinese authorities said over the weekend they were seeking to review how their foreign exchange reserve should be managed as part of a policy shift that will likely see greater diversity in future investments.

Premier Wen Jiabao, speaking at a financial conference Satur