Thursday, October 8, 2009

Do the wall street shuffle, watch the greenbacks tumble, feel the Sterling crumble

Banks step in as dollar tumbles

Asian central banks have intervened in the currency markets in an attempt to slow the slide of the US dollar. Asian countries are worried about their export industries, which would be hurt by a weaker dollar. Central banks in South Korea, Taiwan, the Philippines and Thailand have been buying the US currency, traders said.

Posted by jack c @ 08:12 PM (724 views)
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