Question On The Philippines Coup/Forex

Discussion in 'Forex Trading' started by Trader5287, Feb 23, 2006.

  1. I'm watching this coup attempt story unfold Friday morning Asia time. Later today there will be demonstrations and a state of emergency declaration is possible reports say. To my question, there is a report of Philippine CB intervening now to stabilize the peso.

    Can someone explain the mechanics of what is actually being done here in PHP/USD - what actually happens creditswise and who the players are? Also, can the US Federal Reserve undertake to assist the Philippine Central Bank very directly and forcefully to maintain stability?

    Thanks.


    Geo.