US - the last few years as a result of complete neglect has enjoyed the benefits of a lower Dollar.... Should the Buck start to really rally hard dont be surprised to see the Fed go back to lower rates for an even further extended period and for data to turn back to the negative side.
China - Well not really much to say there.... Yep we are, nope we aint going to stop, and guess what? You can´t do a dam thing about it either....
Japan - Ha ha, looks like yesterdays Nikkei piece has caught the Japanese with their hands in the cookie jar so to speak..MOF has been getting the Japanese Post Bank to do its bidding.
Germany/France - Politicising the whole Greek debacle undermining the Euro.
UK - trying on the same strategy that the US has been enjoying.... Do nothing !
Russia/Korea/Brasil - Direct Intervention - hasn´t worked to well.....next will be lowering rates....
Swiss - well best not talk about that......
It seems to me that the only countries that are not trying to play some sort of games with their respective currencies are the ones that have a solid internal economy and have long term export agreements already in place such as commodities.....Australia, Canada... Mind you I think that should those currencies head back to par with the Dollar you will start to hear them squeel as well...
Friday, 26 March 2010
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