Jan 17 2016, 08:44 AM
QUOTE(AVFAN @ Jan 16 2016, 09:42 PM)
why do we like to explain things with "invisible hands"? 
there is no special hand(s) "protecting" anything as this currency thing is big, global and intricately connected.
look at the brazilian real - same like rm, as oil plunges, the rate of decay slows down.
that is natural - if it has fallen that much, it won't fall as much anymore for the same reason as other factors become more impt.
on the other hand, the south african rand continues to fall when it is not a major oil producer (brazil #9, malaysia #26, south africa #41) - said to be due to china weakness and the attitude of the president.
oil will remain as one of the factors, so will new bijan chronicles.
usa fed, china data and oil/commodity prices will continue to dominate how currencies move.
If u monitor closely on daily basis (preferably full time), the rate is most attractive around noon time there is no special hand(s) "protecting" anything as this currency thing is big, global and intricately connected.
look at the brazilian real - same like rm, as oil plunges, the rate of decay slows down.
that is natural - if it has fallen that much, it won't fall as much anymore for the same reason as other factors become more impt.
on the other hand, the south african rand continues to fall when it is not a major oil producer (brazil #9, malaysia #26, south africa #41) - said to be due to china weakness and the attitude of the president.
oil will remain as one of the factors, so will new bijan chronicles.
usa fed, china data and oil/commodity prices will continue to dominate how currencies move.
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