Fed Intervened Twice In November To Support Dollar Against Mark,Yen

REGULATIONS

U.S. monetary authorities intervened in the foreign exchange markets on two consecutive days in early November to support the dollar, buying a total of $2.6 billion through the sale of marks and Japanese yen, Federal Reserve Bank of New York officials say. These were the only foreign exchange market interventions on the part of the Fed and Treasury during the fourth quarter.

Both the Fed and Treasury, together with the Mexican government, 'activated' their pre-existing $6 billion swap lines

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: