Is it the central banks or can anyone move the currency price? | Forex Factory

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Is it the central banks or can anyone move the currency price?

  • #1
  • First Post: Oct 30, 2019 7:28pm Oct 30, 2019 7:28pm
Can someone tell me , if any central bank or any big institutes or big bank wants to move the currency price theirs own way..is it they can do it...??
  • #2
  • Oct 30, 2019 7:32pm Oct 30, 2019 7:32pm
Quoting Musafiribu
Can someone tell me , if any central bank or any big institutes or big bank wants to move the currency price theirs own way..is it they can do it...??
Sometimes central banks have to defend against attacks from syndicates attempting to manipulate a currency (esp cially in times of poor liquidity.
  • #3
  • Edited 7:54pm Oct 30, 2019 7:40pm | Edited 7:54pm
Quoting BubaYaga
{quote} Sometimes central banks have to defend against attacks from syndicates attempting to manipulate a currency (esp cially in times of poor liquidity.
Okay how they do it i mean how they defends against the syndicates attacks.do u meaning they also open a very big amount trade against the syndicate .or the central bank has right to change the price easily with their command..thanks
  • #4
  • Last Post: Oct 30, 2019 11:51pm Oct 30, 2019 11:51pm
Soros antics

A link explaining speculative attacks

Jordan unpegged CHF from EUR because it was looking prime for an attack.

On a smaller scale a few years ago I saw attack on NOK one day in December after Christmas. In about 75 minutes I saw USDNOK move 12 times it's ADR, and then retrace all the way back next couple of hours. Or it may have just been portfolio rebalancing at the end of the year..
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