To: familyop
The $ went up because it is the safe-haven currency since (a) the Euro is in such bad shape, (b) the Swiss have stepped in to prevent the swiss franc from being a safe haven.
There IS manipulation going on, but often what happens is unintended consequences rather than deliberate moves.
69 posted on
10/02/2011 8:43:09 PM PDT by
expatpat
To: expatpat
"There IS manipulation going on, but often what happens is unintended consequences rather than deliberate moves."
True. There's a herd running to treasuries now, so we might see more interesting future events in bonds.
76 posted on
10/02/2011 10:58:46 PM PDT by
familyop
("Don't worry, they'll row for a month before they figure out I'm fakin' it." --Deacon, "Waterworld")
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