June 25, 201313 yr What may be just as important is what happens to the Bht. Yes indeed, why do all currencies plummet except the Baht on American speculative activity? And what is with the credentials of a bernanke and his wall street hos that, knowing they have the world's reserve currency, can spout off indiscriminately at the mouth when it suits them. Time for the US dollar to be put in the trash bin; try the Swiss Franc as the spearhead of a currency consortium to finally put this financial travesty right. Firstly, Bernanke does not spout off indiscriminately. Secondly you are probably a little bit behind the times re SFR. It has been firmly yoked to the Euro, so are you wanting a switch from USD to EUR?the yoke is not exactly firmly as the fluctuations of the last 6 months show: EURCHF.jpg The yoke is that it will not be allowed break below 1.20 so cannot strengthen beyond a red line. Not the same as a tight link such as USDHKD where the exchange rate is set in stone (within a narrow range). The volatility in the SFR rate against the EUR has been to try to dissuade those who would be inclined to say that if they are going to hold EUR they might as well hold SFR ie volatility to the weak side to put some of them off.
Create an account or sign in to comment