They conclude that the intervention did not happen.NEW YORK, Aug 27 (Reuters) - The United States, Europe and Japan had planned to intervene and rescue a weak U.S. dollar in March, business newspaper Nikkei reported on Wednesday.Officials from the U.S. Treasury Department, Japan's Finance Ministry, and the European Central Bank reportedly drew up a currency contingency plan to be undertaken over the March 15-16 weekend, Nikkei reported, citing sources familiar with the situation.The monetary officials also agreed on a framework for coordinating dollar-buying intervention, the report said.
However, Stefan Karlsson reports that central banks are purchasing dollars on this post.
It's still very blurry and impossible to conclude anything, and with the month of August ending and people getting back from holiday, things might get more normal. After that, next big mile stone will be the election in the US... It seems like Paulson and friends are trying to make everything they can the hand the collapse to the next president, even if it means adding a few trillion USD on the shoulders of the American Citizens.