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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: bart13	8/21/2008 3:58:38 PM
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Another previously unpublished chart of ESF dollar intervention actions, this time with the SDR portion of the ESF total balance - about $5 billion from SDR actions alone. And also showing the intervention in 2005, which surprised so many with the temporary dollar down trend reversal, I continue to not be a believer in "coincidences". An acronym standing for Special Drawing Right. It's an artifical currency invented by the IMF (International Monetary Fund) in 1969, and serves as their currency as well as for a few other international organizations. It also acts as a reserve for central banks. Its value is determined from a mix of the Euro, Yen, US dollar and the British Pound. The IMF's SDR page: imf.org

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