Central Banks Playing Own Version of FX Monopoly - News and Current Events | futures io social day trading
futures io futures trading

Central Banks Playing Own Version of FX Monopoly
Updated: Views / Replies:203 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Thread Tools Search this Thread

Central Banks Playing Own Version of FX Monopoly

  #1 (permalink)
Elite Member
Aurora, Il USA
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
kbit's Avatar
Posts: 5,884 since Nov 2010
Thanks: 3,303 given, 3,334 received

Central Banks Playing Own Version of FX Monopoly

When the Plaza Hotel started selling its own version of Monopoly, the game board lacked a square to mark the 1985 currency accord named for the New York landmark.

“Plaza-opoly,” introduced this year, recognizes the hotel’s role as a location for the movies Home Alone 2 and North By Northwest, yet there’s no acknowledgement of the historic pact struck there by the largest economies to devalue the dollar.

Such a mention would have been timely reminder that exchange rates as a policy tool are coming back in style as they haven’t been since then. The difference now is that central bankers are looking to push inflation up rather than control rising prices.

“In just the same way that pegged currencies became a ‘trendy’ way to reduce inflation in days gone by, it is worth asking whether pegged currencies might become a trendy way to raise inflation,” David Lubin, head of emerging-markets economics at Citigroup Inc., said in a report this month.

As recently as July, Reserve Bank of New Zealand Governor Graeme Wheeler raised the possibility of currency intervention. Reserve Bank of Australia Governor Glenn Stevens calls the practice part of his “toolkit.” Analysts at Samsung Futures Inc. already suspect South Korea’s monetary authorities of seeking to curb the won’s appreciation.

Some central banks have already acted. The Swiss National Bank capped the franc three years ago in a bid to avoid deflation. A Bloomberg News survey of 23 economists this month found three-quarters say it will remain in place for at least another two years.
Czech Ceiling

The Czech National Bank followed with a ceiling on the koruna and this month promised to keep it in place until 2016 as the risks of slowing inflation outweigh a rebound from the longest recession on record.

Israel, home to what Lubin calls the best-performing currency in the past 18 months on a trade-weighted basis, may be the next to act.

“Now that the Israeli policy rate is only 0.5 percent, it is becoming more likely that any deflationary threat will need to be addressed through means other than the policy rate, and the shekel seems the obvious candidate,” said Lubin.

Other countries facing currency strength and low inflation are South Korea, Poland and Hungary. None have near-zero interest rates leaving with them time before having to act on currencies, said Lubin.
War Talk

It’s not only developing nations. Four years ago, Brazil accused to U.S. of starting a “currency war” to weaken the U.S. dollar and promote its exports.

If the European Central Bank begins quantitative easing and the euro tumbles, central banks in Sweden and Norway may even consider caps if they deem currency strength the biggest threat to price stability, said Geoffrey Yu, a foreign-exchange strategist at UBS AG in London.

Minimum exchange rates “are not likely to becoming an overwhelming trend in the very short run, but we do think the debate” over them “will not go away,” said Lubin.

Central Banks Playing Own Version of FX Monopoly - Bloomberg

Reply With Quote
The following user says Thank You to kbit for this post:


futures io > > > > Central Banks Playing Own Version of FX Monopoly

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

Wyckoff Hunting for Great Risk/Reward Ratio w/Gary Fullett

Elite only

Digging into the Details of iSystems w/Stage 5 & iSystems

Jun 5

Similar Threads
Thread Thread Starter Forum Replies Last Post
Why Central Banks Can't Let Up on the Stimulus Pedal Quick Summary News and Current Events 0 December 14th, 2012 03:20 PM
At Least Three Banks Seen Central to Libor Rigging Quick Summary News and Current Events 0 July 28th, 2012 10:50 AM
US playing Internet monopoly kbit News and Current Events 0 February 3rd, 2012 06:45 PM
Banks start playing games with your money kbit News and Current Events 0 January 14th, 2012 09:00 AM
Central Banks Ease Most Since 2009 kbit News and Current Events 0 November 28th, 2011 12:57 PM

All times are GMT -4. The time now is 02:36 AM.

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-05-22 in 0.07 seconds with 19 queries on phoenix via your IP