The ZAR Exchange Rate Thread #2

It's a crock of ****.

In any open market the perceived value is a balance between supply and demand. By that mechanism anyone participating in any forex or share transaction is manipulating the market to some degree by merely participating in it.

I don't doubt that there are large entities that may time their trades in order to ensure mutual benefit but I'd expect they are playing with pips and barely moving any given currency up or down a few cents if even that.

The largest manipulation comes from government itself with bad policy decisions and the innane bullshit they spout.
 
It's a crock of ****.

In any open market the perceived value is a balance between supply and demand. By that mechanism anyone participating in any forex or share transaction is manipulating the market to some degree by merely participating in it.

I don't doubt that there are large entities that may time their trades in order to ensure mutual benefit but I'd expect they are playing with pips and barely moving any given currency up or down a few cents if even that.

The largest manipulation comes from government itself with bad policy decisions and the innane bullshit they spout.
Exactly. The only difference being your leverage and collusion. That's what they want to control... but controlling that is always going to be near impossible.
 
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Factor in a greylisting removal, a "good" election, and a "better" load-shedding experience next year.
Hello R15/$
 
Standard December ZAR strength, it will reverse in Feb/March :whistling:
 
It's a crock of ****.

In any open market the perceived value is a balance between supply and demand. By that mechanism anyone participating in any forex or share transaction is manipulating the market to some degree by merely participating in it.

the market for money is far from open when bankers control the price of debt
 
Fiat means 'by decree'. Right, good, we agree.

Why are they so afraid of open competition in currency?

Scared of losing the privilege of the Cantillion Effect, perhaps?
 
What have the ANC done today for the crash?

SA keep saying they will cut rates, while US has no plan on cutting rates. Dumb fckers should just keep quite they don't know what they are talking about.

Now we will have to increase rates or, keep it the same. But now we got a kick in the balls because of that.
 
News that the US Fed won't be cutting the interest rate until mid-year, so the dollar firmed up.

Yeah. Strong US economic data with US market pump, as well as uptick in SA inflation with little to cheer from budget speech. But I think it's largely driven by outside factors, and hopefully should settle down (but who knows in an election year).
 
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