Fed Reports Three Interventions By U.S. Monetary Authorities In Q3


The Federal Reserve Bank of New York reports U.S. monetary authorities intervened in the foreign exchange markets three times during the July-to-September period to support the dollar.

The purchases, totalling $1.533 billion against the Japanese yen and Deutsche mark, were conducted by the Fed's FX trading desk, on behalf of the U.S. Treasury's Exchange Stabilisation Fund (ESF) and the Federal Reserve System.

The first intervention, on July 7, was undertaken after the dollar reached a high of

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