I'm sure most of you have heard of global warming, but I propose a new type of warming. This warming takes place in the the ring of currency intervention that has caught fire around the globe. Whether countries are seeking to promote strength or weakness in their local currencies, the ring is heating up. Brazil, Swiss, Japan, and Poland have now all intervened in some way over the last 90 days.
My two questions are who is next and what are the implications as more and currencies go this route. My guess is that all this intervention will not lead to the stability in which officials are hoping...
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