GBP has nose dived thrice against dollar in the past 5 days. Euro has done it twice last week and now it is doing. Yen - I have lost count. Will UK and EU regulators take a lesson from RBI and SEBI and come out with immediate action to restrict forward trading and speculation? No chance!!! Japan seems to be happy to see the Yen fall against Dollar. It goes with their plans. They will try to further it.
Posted on: Tue, 09 Jul 2013 14:10:27 +0000
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