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35-Year Chart of U. S. Dollar Index


September 16, 1992 - "Black Wednesday"; George Soros bet against British pound, made over $1 billion profit; called "the man who broke the Bank of England"; Conservative government forced to withdraw pound from currency fix, European Exchange Rate Mechanism (ERM), unable to keep Sterling above agreed lower limit when currency markets believed policy unsustainable.

Paul Einzig (1968). Leads and Lags: The Main Cause of Devaluation. (New York, NY: St. Martin's Press, 169 p.). Foreign exchange; Devaluation of currency.

--- (1970). The History of Foreign Exchange. (New York, NY: St. Martin's Press, 362 p. [2nd ed.]). Foreign exchange--History.

Paul E. Erdman (1996). Tug of War: Today's Global Currency Crisis. (New York, NY: St. Martin's Press, 173 p.). Foreign exchange; Foreign exchange administration.

Andrew J. Krieger with Edward Claflin (1992). The Money Bazaar: Inside the Trillion-Dollar World of Currency Trading. (New York, NY: Times Books, 228 p.). Founding Partner of KB Currency Advisors, Inc. (formerly of Salomon Brothers and Bankers Trust). Foreign exchange futures. 

Gregory J. Millman (1990). The Floating Battlefield: Corporate Strategies in the Currency Wars. (New York, NY: AMACOM, 211 p.). Foreign exchange administration--Case studies; Risk management--Case studies; Business enterprises--Finance--Case studies.

--- (1995). The Vandals' Crown: How Rebel Currency Traders Overthrew the World's Central Banks. (New York, NY: Free Press, 305 p.). International finance; Financial services industry--Technological innovations; Foreign exchange futures; Money market; Capital market; Banks and banking, Central; Brokers.


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