Today’s foreign exchange action further confirms that Congress long ago abdicated its duty to regulate the value of money.
The EUR/USD closed at 1.16624 at 3:00 pm EDT. It was trading around 1.15746 this morning at about 4:00 am. Because there were no major economic data releases today, traders had more time to lament the downward revision of 258,000 jobs in May and June, the potential pullback in consumer spending as a result of … Continue reading Today’s foreign exchange action further confirms that Congress long ago abdicated its duty to regulate the value of money.
Lawyers Write the Bets. Bankers Sell the Bets. 