We had a fairly busy day on the desk yesterday as we were a few folks short; Kristin headed off to San Francisco to join Chuck at the Money Show and Ty is out in Seattle playing in an “old guys� soccer tournament. But luckily the currency markets seem to be on a late summer vacation with the dollar trading in a fairly tight range.
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How Japan and Switzerland Could Reshape the Currency Markets
Japan and Switzerland are facing the same threat to their economic health. And so far, every step they've taken to make things better has only made them worse.
But there is one way they could conceivably get out of this mess. And even though no one is talking about it yet, a mere hint of the possibility could send China-sized shockwaves throughout the global currency markets.
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