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A comment on Finance geeks: what's behind this odd chart?.

Re:Finance geeks: what's behind this odd chart? by joe on Thursday August 16, 2007 @12:36PM (#43076)
Switching from the 5 day view to the 3 month view, you tell me what's behind this chart, and I'll be impressed:

http://finance.yahoo.com/q/bc?s=EURUSD=X&t=3m&l=on&#...

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Re:Finance geeks: what's behind this odd chart? by jakehow on Thursday August 16, 2007 @12:59PM (#43092)
The central banks are flooding the markets w/ currency right now to try and bail out the banks who took on bad debt.

The European central bank floated more currency(~100bn) than the Fed did(~60bn), so I think that is why the dollar gained a little on the Euro over the past few days.

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Re:Finance geeks: what's behind this odd chart? by joe on Thursday August 16, 2007 @01:18PM (#43103)
I'm impressed. :)
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