Isn't shorting currencies how Soros made his billions?
Anyone here who thinks the feds are setting exchange rates is a moron. All that's happening is free people are swapping dollars for funny money as they see fit and that's their right. IMHO, the big government types who want the power to set everyone else's exchange rates ought to go back to DNC headquarters where they belong.
When you short a currency, by definition, you buy another. He made one of his billions shorting sterling against the dollar.
to make debt worth less