end of FOREX?

Discussion in 'Forex' started by TOSSGEMINI, Dec 17, 2008.

  1. In light of what is happening, anybody assumes the posibility of going back to fixed exchange rate regimes?
  2. cstfx


    Not anytime soon. Might see GB join EURO currency soon tho.
  3. tradersboredom

    tradersboredom Guest

    rates are fixed.

  4. tradersboredom

    tradersboredom Guest

    only 5 pairs are traded , the rest of the forex are fixed.

    than banks and traders won't make any money if they fix it.

  5. Just to mention today, I’ve seen huge movements amongst all the pairs crossed with the USD, certainly more than five, EURUSD, USDCHF, GBPUSD, USDJPY, AUDUSD, USDCAD and NZDUSD just to name a few, that tells me they’re not fixed.
  6. If we ended up with 3 main currencies: Americas ($), EMEA (EUR), East Asia (Yen) and all others are pegged to these 3, and these 3 fixed to each other, then FX trading would cease to exist.

    But I don't see this happening anytime soon. The current crises has given globalization a black eye, and globalization was the biggest driver behind giving up a monetary sovereignty.
  7. talknet


  8. achilles28


    Agree. Worst case scenario we'll have 3 regional currencies by 2012.

    Amero, Asian (likely Yuan) and Euro

    The NWO is gearing up towards full integration sooner, rather than later. So its on the radar.