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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: ild who wrote (50771)5/8/2006 3:32:34 PM
From: regli   of 116555
 
I agree with you that the U.S. wants a lower dollar. However, at this time there is always the threat of a decline that gets out of hand. I don't think it will be easy to manage an orderly decline.

Here is a link proving that the U.S. does intervene in the FOREX markets:

ny.frb.org
"On September 22, the U.S. monetary authorities intervened in the foreign exchange markets, purchasing a total of 1.5 billion euros against the dollar. The operation, which was divided evenly between the U.S. Treasury Department’s Exchange Stabilization Fund and the Federal Reserve System, was coordinated with the European Central Bank (ECB) and the monetary authorities of Japan, Canada, and the United Kingdom."
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