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Author Topic: What does it mean when a "country intervenes in the currency market"?  (Read 3882 times)
johnyj
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October 07, 2014, 04:22:05 PM
 #21

Manipulating the exchange rate of own currency is a common practice for central banks since they have large reserve of foreign currency and can print their own currency limitless

In bitcoin, same practice can be done in large exchanges, so it is important to have many exchanges or even better P2P exchanges all over the place to reduce the effect of one single exchange

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October 08, 2014, 04:17:08 AM
 #22

Manipulating the exchange rate of own currency is a common practice for central banks since they have large reserve of foreign currency and can print their own currency limitless

In bitcoin, same practice can be done in large exchanges, so it is important to have many exchanges or even better P2P exchanges all over the place to reduce the effect of one single exchange
Some devs of altcoins will do this in order to keep the value of their altcoin stable, at least for some period of time. Although I believe this to be extremely rare as, IMO the devs of alt coins generally only make their coins to get rich
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October 08, 2014, 04:21:11 AM
 #23

US manipulated usdx by doing QE, BOJ manipulates jpy by selling joy.. usdjpy below 80 was breaking point look at charts and what they said. SNB said 1.2 eurchf and intervened.. the guys wife bought shitload of EUR and sold CHF prior to the big billion EUR order. Australian bank has been talking down AUD by saying its too high around 1.07.. and it fell.. and im guessing NZ central bank is doing the same... selling NZD because its a race to the bottom for exporting countries.
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October 08, 2014, 04:36:32 AM
 #24

US manipulated usdx by doing QE, BOJ manipulates jpy by selling joy.. usdjpy below 80 was breaking point look at charts and what they said. SNB said 1.2 eurchf and intervened.. the guys wife bought shitload of EUR and sold CHF prior to the big billion EUR order. Australian bank has been talking down AUD by saying its too high around 1.07.. and it fell.. and im guessing NZ central bank is doing the same... selling NZD because its a race to the bottom for exporting countries.
Central banks do let their currencies fluctuate somewhat (even china allows their currency to move up and down by a small amount every day). The issue comes when a currency moves in one direction too far, threatening the economy if intervention does not occur
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October 08, 2014, 05:01:57 PM
 #25

each state must have an interest in the money market, they want to maintain their currency exchange rates remain high compared with the currencies of other countries, things like this are like two sides of a coin that is not integral, ie between state intervention on the currency markets, of course eye money superpowers will be more beperan in currency markets ... hopefully superpowers can be fair to other countries, especially developing countries .....  Cool

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October 08, 2014, 06:44:33 PM
 #26

US manipulated usdx by doing QE, BOJ manipulates jpy by selling joy.. usdjpy below 80 was breaking point look at charts and what they said. SNB said 1.2 eurchf and intervened.. the guys wife bought shitload of EUR and sold CHF prior to the big billion EUR order. Australian bank has been talking down AUD by saying its too high around 1.07.. and it fell.. and im guessing NZ central bank is doing the same... selling NZD because its a race to the bottom for exporting countries.
Central banks do let their currencies fluctuate somewhat (even china allows their currency to move up and down by a small amount every day). The issue comes when a currency moves in one direction too far, threatening the economy if intervention does not occur

Intervention always ends up hurting more than it helps... it fakes demand similar to QE and all other forms of manipulation... it will come back to bite. If it moved up too far or down too  far.. tough loss your decision to sign plaza accord creating a deflationary spiral for everyone else other than USD.
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October 09, 2014, 04:57:42 AM
 #27

Intervention always ends up hurting more than it helps... it fakes demand similar to QE and all other forms of manipulation... it will come back to bite. If it moved up too far or down too  far.. tough loss your decision to sign plaza accord creating a deflationary spiral for everyone else other than USD.
I think QE is worse then intervention. QE is determined to be long term manipulation and is very difficult and time consuming to unwind. The effects of QE will also not be immediately known.

Intervention on the other hand takes effect immediately and can easily be reversed by intervening in the other direction (or can simply cease intervening)
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October 09, 2014, 05:13:06 AM
 #28

Intervention always ends up hurting more than it helps... it fakes demand similar to QE and all other forms of manipulation... it will come back to bite. If it moved up too far or down too  far.. tough loss your decision to sign plaza accord creating a deflationary spiral for everyone else other than USD.
I think QE is worse then intervention. QE is determined to be long term manipulation and is very difficult and time consuming to unwind. The effects of QE will also not be immediately known.

Intervention on the other hand takes effect immediately and can easily be reversed by intervening in the other direction (or can simply cease intervening)
true... just a form of intervention obviuosly qe is worse or else us would have just done a normal intervention and used profits if any to bail ppl out etc but they needed money right away so.
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October 09, 2014, 06:08:42 AM
 #29

Intervention always ends up hurting more than it helps... it fakes demand similar to QE and all other forms of manipulation... it will come back to bite. If it moved up too far or down too  far.. tough loss your decision to sign plaza accord creating a deflationary spiral for everyone else other than USD.
I think QE is worse then intervention. QE is determined to be long term manipulation and is very difficult and time consuming to unwind. The effects of QE will also not be immediately known.

Intervention on the other hand takes effect immediately and can easily be reversed by intervening in the other direction (or can simply cease intervening)
true... just a form of intervention obviuosly qe is worse or else us would have just done a normal intervention and used profits if any to bail ppl out etc but they needed money right away so.
Currency intervention only works when other countries are not intervening to make their currency weak as well. If that were to happen then the federal reserve would simply be selling euros to the ECB. QE will be necessary when many countries are attempting to intervene in credit markets, although it is much more complicated
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October 09, 2014, 08:11:41 AM
 #30

Intervention always ends up hurting more than it helps... it fakes demand similar to QE and all other forms of manipulation... it will come back to bite. If it moved up too far or down too  far.. tough loss your decision to sign plaza accord creating a deflationary spiral for everyone else other than USD.
I think QE is worse then intervention. QE is determined to be long term manipulation and is very difficult and time consuming to unwind. The effects of QE will also not be immediately known.

Intervention on the other hand takes effect immediately and can easily be reversed by intervening in the other direction (or can simply cease intervening)
true... just a form of intervention obviuosly qe is worse or else us would have just done a normal intervention and used profits if any to bail ppl out etc but they needed money right away so.
Currency intervention only works when other countries are not intervening to make their currency weak as well. If that were to happen then the federal reserve would simply be selling euros to the ECB. QE will be necessary when many countries are attempting to intervene in credit markets, although it is much more complicated

Normally, this would mean country who devalue their own currency first benefit the most in the short term. But smart money will leave the country will leave the country who steal from businesses who hold capital.
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October 09, 2014, 03:35:22 PM
 #31

It means they want a piece(money) of the action.
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October 10, 2014, 01:47:52 AM
 #32

Intervention always ends up hurting more than it helps... it fakes demand similar to QE and all other forms of manipulation... it will come back to bite. If it moved up too far or down too  far.. tough loss your decision to sign plaza accord creating a deflationary spiral for everyone else other than USD.
I think QE is worse then intervention. QE is determined to be long term manipulation and is very difficult and time consuming to unwind. The effects of QE will also not be immediately known.

Intervention on the other hand takes effect immediately and can easily be reversed by intervening in the other direction (or can simply cease intervening)
true... just a form of intervention obviuosly qe is worse or else us would have just done a normal intervention and used profits if any to bail ppl out etc but they needed money right away so.
Currency intervention only works when other countries are not intervening to make their currency weak as well. If that were to happen then the federal reserve would simply be selling euros to the ECB. QE will be necessary when many countries are attempting to intervene in credit markets, although it is much more complicated
No intervention is always against usd or eur.. usd and eur... Chf is the only one doing it vs eur because that is the major trade partner.. There is a currency war going on and it is a precursor to a real war(last stage)
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October 10, 2014, 01:48:40 AM
 #33

Intervention always ends up hurting more than it helps... it fakes demand similar to QE and all other forms of manipulation... it will come back to bite. If it moved up too far or down too  far.. tough loss your decision to sign plaza accord creating a deflationary spiral for everyone else other than USD.
I think QE is worse then intervention. QE is determined to be long term manipulation and is very difficult and time consuming to unwind. The effects of QE will also not be immediately known.

Intervention on the other hand takes effect immediately and can easily be reversed by intervening in the other direction (or can simply cease intervening)
true... just a form of intervention obviuosly qe is worse or else us would have just done a normal intervention and used profits if any to bail ppl out etc but they needed money right away so.
Currency intervention only works when other countries are not intervening to make their currency weak as well. If that were to happen then the federal reserve would simply be selling euros to the ECB. QE will be necessary when many countries are attempting to intervene in credit markets, although it is much more complicated

Normally, this would mean country who devalue their own currency first benefit the most in the short term. But smart money will leave the country will leave the country who steal from businesses who hold capital.

This is called passing the deflationary parcel. In the end, a country which doesn't deflate its currency is left holding the parcel. So all countries continue deflating.
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October 10, 2014, 01:36:02 PM
 #34

It means they want a piece(money) of the action.

Therefore governent wants to mess things up again.

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October 11, 2014, 08:19:47 AM
 #35

It means they want a piece(money) of the action.

Therefore governent wants to mess things up again.

They usually intervene to stop start depreciation/appreciation of the home currency and decrease volatility.


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October 12, 2014, 03:24:35 AM
 #36

Intervention always ends up hurting more than it helps... it fakes demand similar to QE and all other forms of manipulation... it will come back to bite. If it moved up too far or down too  far.. tough loss your decision to sign plaza accord creating a deflationary spiral for everyone else other than USD.
I think QE is worse then intervention. QE is determined to be long term manipulation and is very difficult and time consuming to unwind. The effects of QE will also not be immediately known.

Intervention on the other hand takes effect immediately and can easily be reversed by intervening in the other direction (or can simply cease intervening)
true... just a form of intervention obviuosly qe is worse or else us would have just done a normal intervention and used profits if any to bail ppl out etc but they needed money right away so.
Currency intervention only works when other countries are not intervening to make their currency weak as well. If that were to happen then the federal reserve would simply be selling euros to the ECB. QE will be necessary when many countries are attempting to intervene in credit markets, although it is much more complicated
No intervention is always against usd or eur.. usd and eur... Chf is the only one doing it vs eur because that is the major trade partner.. There is a currency war going on and it is a precursor to a real war(last stage)
Intervention is usually done "against" the local currency that the central bank is attempting to manipulate. Much of the trading via intervention is done against the dollar and the euro because they are the most heavily traded currencies however the intervention should affect the local currency against all currencies

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October 14, 2014, 02:21:52 AM
 #37

Intervention always ends up hurting more than it helps... it fakes demand similar to QE and all other forms of manipulation... it will come back to bite. If it moved up too far or down too  far.. tough loss your decision to sign plaza accord creating a deflationary spiral for everyone else other than USD.
I think QE is worse then intervention. QE is determined to be long term manipulation and is very difficult and time consuming to unwind. The effects of QE will also not be immediately known.

Intervention on the other hand takes effect immediately and can easily be reversed by intervening in the other direction (or can simply cease intervening)
true... just a form of intervention obviuosly qe is worse or else us would have just done a normal intervention and used profits if any to bail ppl out etc but they needed money right away so.
Currency intervention only works when other countries are not intervening to make their currency weak as well. If that were to happen then the federal reserve would simply be selling euros to the ECB. QE will be necessary when many countries are attempting to intervene in credit markets, although it is much more complicated
No intervention is always against usd or eur.. usd and eur... Chf is the only one doing it vs eur because that is the major trade partner.. There is a currency war going on and it is a precursor to a real war(last stage)
Intervention is usually done "against" the local currency that the central bank is attempting to manipulate. Much of the trading via intervention is done against the dollar and the euro because they are the most heavily traded currencies however the intervention should affect the local currency against all currencies
yup and because those are the ones used across the world.. to drive exports local currency has to devalue however the swap rates allow carry trades against them thus they fight uphill battle.. Its $4 trillion everyday that you must fight... pretty much fruitless unless you want to lose trust in the system which is what is happening with everyone racing tot he bottom..
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October 14, 2014, 02:33:37 AM
 #38

Intervention always ends up hurting more than it helps... it fakes demand similar to QE and all other forms of manipulation... it will come back to bite. If it moved up too far or down too  far.. tough loss your decision to sign plaza accord creating a deflationary spiral for everyone else other than USD.
I think QE is worse then intervention. QE is determined to be long term manipulation and is very difficult and time consuming to unwind. The effects of QE will also not be immediately known.

Intervention on the other hand takes effect immediately and can easily be reversed by intervening in the other direction (or can simply cease intervening)
true... just a form of intervention obviuosly qe is worse or else us would have just done a normal intervention and used profits if any to bail ppl out etc but they needed money right away so.
Currency intervention only works when other countries are not intervening to make their currency weak as well. If that were to happen then the federal reserve would simply be selling euros to the ECB. QE will be necessary when many countries are attempting to intervene in credit markets, although it is much more complicated
No intervention is always against usd or eur.. usd and eur... Chf is the only one doing it vs eur because that is the major trade partner.. There is a currency war going on and it is a precursor to a real war(last stage)
Intervention is usually done "against" the local currency that the central bank is attempting to manipulate. Much of the trading via intervention is done against the dollar and the euro because they are the most heavily traded currencies however the intervention should affect the local currency against all currencies
yup and because those are the ones used across the world.. to drive exports local currency has to devalue however the swap rates allow carry trades against them thus they fight uphill battle.. Its $4 trillion everyday that you must fight... pretty much fruitless unless you want to lose trust in the system which is what is happening with everyone racing tot he bottom..
Not all countries have a "weak local currency" currency policy. Some will let the currency freely float against other currencies regardless of what the market does. The only currencies that will have the problem of being too strong are countries that have net exports as their currency will naturally get stronger as they sell products overseas, bring the profits home and buy the local currency.
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October 14, 2014, 02:48:50 AM
 #39

Intervention always ends up hurting more than it helps... it fakes demand similar to QE and all other forms of manipulation... it will come back to bite. If it moved up too far or down too  far.. tough loss your decision to sign plaza accord creating a deflationary spiral for everyone else other than USD.
I think QE is worse then intervention. QE is determined to be long term manipulation and is very difficult and time consuming to unwind. The effects of QE will also not be immediately known.

Intervention on the other hand takes effect immediately and can easily be reversed by intervening in the other direction (or can simply cease intervening)
true... just a form of intervention obviuosly qe is worse or else us would have just done a normal intervention and used profits if any to bail ppl out etc but they needed money right away so.
Currency intervention only works when other countries are not intervening to make their currency weak as well. If that were to happen then the federal reserve would simply be selling euros to the ECB. QE will be necessary when many countries are attempting to intervene in credit markets, although it is much more complicated
No intervention is always against usd or eur.. usd and eur... Chf is the only one doing it vs eur because that is the major trade partner.. There is a currency war going on and it is a precursor to a real war(last stage)
Intervention is usually done "against" the local currency that the central bank is attempting to manipulate. Much of the trading via intervention is done against the dollar and the euro because they are the most heavily traded currencies however the intervention should affect the local currency against all currencies
yup and because those are the ones used across the world.. to drive exports local currency has to devalue however the swap rates allow carry trades against them thus they fight uphill battle.. Its $4 trillion everyday that you must fight... pretty much fruitless unless you want to lose trust in the system which is what is happening with everyone racing tot he bottom..
Not all countries have a "weak local currency" currency policy. Some will let the currency freely float against other currencies regardless of what the market does. The only currencies that will have the problem of being too strong are countries that have net exports as their currency will naturally get stronger as they sell products overseas, bring the profits home and buy the local currency.

yes obviously, problem is alot of the top economies rely on net exports to US/CHINA/EUROPE and thus it really is a big issue and a war going on behind the scenes.
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October 15, 2014, 01:40:39 AM
 #40

Not all countries have a "weak local currency" currency policy. Some will let the currency freely float against other currencies regardless of what the market does. The only currencies that will have the problem of being too strong are countries that have net exports as their currency will naturally get stronger as they sell products overseas, bring the profits home and buy the local currency.

The problem is what happens when other countries manipulate the foreign currency exchange rate. Do they still follow an off-hands policy or do they intervene in the market?


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