Question On The Philippines Coup/Forex

Discussion in 'Forex' 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?