Not really news. Central banks of the US, China, and EU do this constantly as a way to keep their currency stable relative to each other. At this point it's all algorithmic. Only really works well for the central banks of nations that have a currency making up a significant share of the global foreign currency reserves.
Not really news. Central banks of the US, China, and EU do this constantly as a way to keep their currency stable relative to each other. At this point it's all algorithmic. Only really works well for the central banks of nations that have a currency making up a significant share of the global foreign currency reserves.