Coordinated intervention on the dollar, except that the Yen seems to be exempt from this round of dollar devaluation so far. Perhaps it's conditional on actions taken by the Chinese.
http://en.wikipedia....ki/Plaza_Accord
Engineered Central Bank Buy Program
Started by
jackjung
, Apr 20 2007 09:23 PM
12 replies to this topic
#12
redfoliage2
-
- Traders-Talk User
- 18,032 posts
Member
Posted 22 April 2007 - 08:25 PM
USD futures indicating Fed may be taking a day off for the liquidity pumping.A main purpose of diminishing dollar value by US government is to make Chinese Hold US dollar reserve worth less. Chinese government is stupid: they sell their goods cheap and holding huge amount of value-diminishing US papers.
#13
redfoliage2
-
- Traders-Talk User
- 18,032 posts
Member
Posted 23 April 2007 - 07:51 AM
Is the USD going to make a bottom here? I doubt.A main purpose of diminishing dollar value by US government is to make Chinese Hold US dollar reserve worth less. Chinese government is stupid: they sell their goods cheap and holding huge amount of value-diminishing US papers.
