2 votes

Robert Wenzel: Central Banks to manipulate currency market Today

The G-7 Finance Ministers and Central Bank Governors have just announced they will enter foreign exchange markets on Friday and attempt to drive down the value of the yen. The yen has been increasing in value since the severity of the earthquake, tsunami and nuclear situation has become evident. The climb in the yen has been the result of Japanese selling dollars and other currencies and converting them to yen so that they will have funds to start rebuilding.

http://www.economicpolicyjournal.com/2011/03/hot-on-friday-c...