2007年10月20日

在外滙市埸, 務必要尊重中央銀行!

最近讀到了一段David Fuller對央行對滙市的影響非常有參考價值, 現列之如左:

They [ed: Central Banks] are the occasional, big, rough and tough players in the currency markets. After all, they can run unlimited losses, print more money if necessary, and are only answerable to themselves and there respective governments, which will have sanctioned the intervention. The central banks can also change the 'rules', by altering interest rates, if necessary, changing margin requirements or even releasing statistics to unsettle speculators (these stats can always be revised later). If you regard currency markets as a casino, then central banks are analogous to the House.

沒有留言: