Dislikedwise words, Chicky..........i am wondering if in your opinion the interventions of central banks can be reasonably speculated or predicted? enjoyed the read. thanksIgnored
They say, why waste poison on someone when you can kill that person with a dose of sugar? Similarly, just publicizing possible intervention stablizes a currency and intervention is implemented as a last resort. Like in the case of Euro, last year Sarkozi sweared punishing speculators who were trying to bring euro down. This year China has announced its intention of supporting Euro.
The Thief of Wall Street