To: PhiKapMom
Layman's language---Someone BIG needed a LOT of US dollars and liquidated holdings in virtually every currency to buy dollars. Could be a large bank, could be a country, or it could be a number of institutions.
Usually when the Euro has tanked, the Yen skyrocketted more than the $ but tonight the Yen dropped WITH the Euro. Even stranger is that gold went up a lot against the $ even with the $ strengtening against virtually every currency in the world. Could be loud noise--or it could be something big is starting to blowing up. If it continues into the night, expect the Fed Res to lend out dollars to other central banks.
155 posted on
02/16/2009 9:07:32 PM PST by
rb22982
To: rb22982
Thank you! Finally it makes sense. Scary if you ask me.
208 posted on
02/16/2009 10:04:59 PM PST by
PhiKapMom
( BOOMER SOONER! Sam Bradford Heisman! LetsGetThisRight.com RED STATE Oklahoma Republican)
To: rb22982
Even stranger is that gold went up a lot against the $ even with the $ strengtening against virtually every currency in the world.
Hasn't that been going on since the beginning of this crisis? They still can't explain it I guess.
To: rb22982
221 posted on
02/16/2009 10:16:43 PM PST by
Chgogal
(Don't look at me, Comrade. You elected them!)
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