Monday, September 27, 2010

Intervention Watch


The currency devaluation race continues with two more entrants. 

Bank of Korea reportedly intervenes to curb won

Fernandez Peso Proves Buying Dollars Can Work: Argentina Credit


Also, Brazilian Finance Minister Guido Mantega caused all the BlackBerrys in the office to chime with a breaking news alert with this gem “We’re in the midst of an international currency war.”
 

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