Saturday, October 24, 2009

Asian Central Banks Intervene as USD Slumps

Asian central banks bought U.S. dollars to weaken their currencies as the weaker dollar threatened smaller-export driven economies. Rob Rennie, currency strategist at Westpac Bank assesses this news, with Kirby Daley from Newedge Group, CNBC\'s Amanda Drury & Sri Jegarajah.

Tags: USD Asian Central Banks Currencies Argentina Bank Banks Collapse Corporations Corruption Economic Government IMF Neo-liberal Policies Swindle Theft World