28.10.2008 - The Short View: Currencies and the crisis
From FT: If “IMF” and “G7” are in the headlines, it follows that the financial crisis is not going away. Rather, with the panic now concentrated in the foreign exchange markets, the danger to the world’s economy becomes all the more acute. The G7’s warning that it was “concerned” about “excessive volatility” in the yen and its “implications for economic and financial stability”, was highly unusual. Markets took it as a signal that intervention could be imminent..... Full Article: Source