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View Full Version : HOT: On Friday, Central Banks Will Intervene in Foreign Exchange Markets



sailingaway
03-17-2011, 10:48 PM
http://www.economicpolicyjournal.com/
Kludge
03-17-2011, 10:51 PM
"The G-7 Finance Ministers and Central Bank Governors have just announced they will enter foreign exchange markets on Friday and attempt to drive down the value of the yen."

LOL! Can you believe we live in a world where leaders openly admit this?
Cowlesy
03-17-2011, 10:56 PM
They already are driving down the Yen tonight, big time.

http://www.bloomberg.com/markets/currencies/

Yen at the time of posting is down 3.5% in USD terms. That's a MASSIVE F/X move.
MRoCkEd
03-18-2011, 07:14 AM
lol what is this?
http://goldprice.org/NewCharts/gold/images/silver_1d_o_USD.png?0.0665221150972648
osan
03-18-2011, 08:25 AM
LOL! Can you believe we live in a world where leaders openly admit this?

Unfortunately, yes. All too easily anymore, in fact.
osan
03-18-2011, 08:27 AM
They already are driving down the Yen tonight, big time.

http://www.bloomberg.com/markets/currencies/

Yen at the time of posting is down 3.5% in USD terms. That's a MASSIVE F/X move.

It is a good thing for China as it grows the value of its holdings in US debt instruments. This is bad fucking news for us in that respect.