Did you ever imagine, when you were young and America was invincible that you would wake up, coffee in hand, and read this title? Asian countries step in to support dollar
Asian central banks intervened heavily in the currency markets on Thursday to slow the slide of the US dollar amid growing concern about the potential impact on the region’s export driven economies.
Anyone else old enough to remember when America was coming to other nation's aid when their currency was tanking?
Financial Times also reports the news of these actions caused an increase in dollar selling.