Bretton Woods Agreement



A 1944 agreement (made in Bretton Woods, New Hampshire), which established fixed foreign exchange rates for major currencies, provided for central bank intervention in the currency markets, and pegged the price of gold at U.S. $35 per ounce. The agreement was overturned by President Richard Nixon in 1971, and he established a floating exchange rate for the major currencies.

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ESH2 Mar '12 Emini S&P 1675 133950 3:14:59 PM                  GCLH2 Mar '12 GBXCrdOil 141 9777 4:14:59 PM                  ZCH2 Mar '12 GBX Corn 4 6434 1:14:59 PM                  ZBH2 Mar '12 GBX BOND -1240 142270 3:59:59 PM                  IDXH2 Mar '12 ICE $Index -37 79020 3:59:41 PM                 


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