Very interesting question I received in comments to yesterday’s post, New China scare, and it had nothing to do with China or USD. What was I up to in relation to EUR-GBP? Evidently I’m not the only person preoccupied with Euro-Pound recent moves, at least couple of readers keep me company. Pound is causing some controversy. No, [...]

Once again rumors fly regarding Chinese foreign reserve. I already received an email from one of the panic mongers screaming that “China is dumping USD” if favor of other currencies. This new “revelation” is supposedly based on a statement by one of the Chinese central bank’s officials. However, according to more reputable sources, no official [...]

For better part of this year I have been writing, among other things, about Swiss National Bank intervening in the currency markets. Among the many central banks that talked and threatened with intervention, SNB was the only one that actually delivered. They wanted Swiss Franc to depreciate, in order to stimulate domestic economy. And they did it [...]