The International Monetary Fund was originally set up to help re-establish international money transfers in the aftermath of WWII. Generally, it acts as a lender for countries to balance their current account. It also maintains liquidity for purposes of international commerce. More recently, it has been active in supporting many developed countries around the world during periods of economic crisis. So, since there is a sizable economic crisis at the moment, what is the IMF doing? Well, there are two aspects to consider, which are particularly relevant to currency traders. Given that the IMF works as a backstop for ... (full story)