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I'm not sure it took a huge amount if visionary understanding of the currency markets. Fixing a currency to another and using the central bank to step in to ens
by weavie 9y ago
I'm not sure it took a huge amount if visionary understanding of the currency markets. Fixing a currency to another and using the central bank to step in to ensure this generally goes against the concept of supply and demand that underpins these markets. It's just it took someone with enough resources to go against a central bank to carry it out.