Tuesday, April 03, 2007
Macro Man is embroiled in yet another debate with academic-type economists about the impact of central banks in foreign exchange markets. Regular readers will know his view, namely that Voldemort and friends can and do put the EUR/USD rate wherever they dman well please, give or take.
He is now curious to see what FX market professionals, some of whom may read this blog, think of the issue. He has therefore created the poll below on CB impact on exchange rates. He would encourage any readers with knowledge of the currency market to respond, and to pass the link on to their colleagues/customers so as to get as wide a response as possible. Hopefully the poll generates enough responses to either show the academics what they're missing, or to shut Macro Man up about CB interference in private markets.