USD/PKR ,market based manipulation continues

[VCheng]

btw, isnt it the central banks job to stabilize the currency and keep inflation under check ?

How can a central bank stabilize its national currency if the country continues to consume more than it produces?

 

[blueazure]

How old are you by the way?

old enough to smell BS far away , !

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didnt answer my question

 

[Sugarcane]

old enough to smell BS far away , !

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didnt answer my question

You didn't understood the post you quoted and posted your usual unusual comments, which I don't feel worth replying.

 

[blueazure]

You didn't understood the post you quoted and posted your usual unusual comments, which I don't feel worth replying.

obviously , you cant reply since you have no substance so as to speak , charlatans are found in abundance online , for you, attacking me personally is a far easier exercise ( not that it matters to me anyway)


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back to the topic,

im into forex , the only people who make money are ;

1. money changers who work the spread

2. equity traders in mercantile markets who play on leverage ( at least 3 x ) and have inside sources as to the price swings movement

3. open mkt buy side rates are substantially lower vs bank rates,,, its hard for me to understand how can someone make money here ( genuinely interested to know , i have some forex lying here and there )

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How can a central bank stabilize its national currency if the country continues to consume more than it produces?

so what does central bank do in the first place ?

 

[VCheng]

so what does central bank do in the first place ?

Whatever a central bank can do cannot change the fundamentals that determine the value of a currency. What a country produces versus what it consumes plays a large role in that.