Fed Refrains From Intervention, Completes Bundesbank Deals


The Federal Reserve completed settlements with the Bundesbank on a total of about $1.46 billion in forward Deutsche mark sales from a May 1992 transaction, in the November 1992 to January 1993 period, according to the Fed's quarterly review. The U.S. central bank made no intervention in the foreign exchange markets during this period.

The forward transactions with the Bundesbank were executed in efforts by both the U.S. and German monetary authorities to adjust respective levels of foreign

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: