Monday, August 8, 2011

Kathy Lien: "Very good possibility we could see co-ordinated intervention this coming week"

Source: ABC (Australian Broadcasting Network)
Date: August 09, 2011 09:50:00 (AST)
by: Kathy Lien interviewed by Ticky Fullterton

Hint: Click CC button for English subtitles

Kathy Lien's interview with ABC (Australian Broadcasting Network) concerning the recent Standard and Poor's downgrade of the U.S. and its affect on currencies, including the Australian dollar. Of note is that Kathy thinks there is a strong possibility of some sort of coordinated intervention this week by the G-7 or otherwise, as well as the likelihood of future SNB (Swiss National Bank) and BOJ (Bank of Japan) intervention to weaken their respective currencies, as happened last week. Also watch the Fed language closely tomorrow during the FOMC meeting at 2:15 EST.