- Pegged currencies a source of global imbalances
Sounds like the incoming ECB chief is in no mood to kowtow toward Beijing…
Perhaps Beijing will be less likely to support peripheral debt if these sorts of “attacks” are repeated?
How does that old song go? ” You don’t tug on Superman’s cape”?
EUR/USD has dropped from the 1.4320s to the 1.4280s since the comments….