...Promptly Followed By Brazil

The first global currency wars are now delcared fully open. Participation for all non-gold standard backed countries is mandatory.

BN  11:47 *BRAZIL CENTRAL BANK TO BUY DOLLARS IN SPOT CURRENCY MARKET
BN  11:47 *BRAZIL CENTRAL BANK TO BUY DOLLARS 3:46-3:51 P.M. LOCAL TIME

Comments

[GoinFawr]

All the more buyers for China to offload and offset while the others are racing to prop up what the PRC is attempting to unload: perfect timing.

Regards

[BearishFeijoadaSushi]

They've been doing currency intervention since at least 2008. Nothing to see here, It won't make any harm to your country...

[Rick64]

So much demand for USDs . Who would've thought? Quick Ben we need more dollars.

[99er]

Some charts of the Hong Kong Dollar...think Chinese Yuan:

http://99ercharts.blogspot.com/2010/09/audhkd.html

http://99ercharts.blogspot.com/2010/09/eurhkd.html

http://99ercharts.blogspot.com/2010/09/usdhkd.html

http://99ercharts.blogspot.com/2010/09/hkdjpy.html

[CL1]

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