Fed Intervenes With $1.2 Billion Purchase Of DM And Yen In Q1

REGULATIONS

The U.S. Federal Reserve and Treasury bought a total $1.42 billion against the Deutsche mark and Japanese yen March 2-3. The intervention was the only one by the U.S. monetary authorities during the first quarter, officials at the Federal Reserve Bank of New York said on May 10.

Dealings between Mexican and U.S. monetary authorities were also disclosed in the Fed's quarterly report on foreign exchange. Mexico drew a net $1 billion on its swap facility with the Fed and a net $4 billion on the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: