Recent content by Carolyn

China announcement Also, China indicated that they were going to strengthen their currency which the market took to mean that the JPY would also strengthen so if you look at charts of the JPY pairs you will see that the JPY really moved against other currencies. Anyway, that's all I know...

What happened last night? The reason their was such a huge spike last night was because China came out and said they are going to move some of their currency investments from the USD into the EUR - this is of course bad news for the dollar and good news for the EUR. This is not however the...