Fed Avoids Intervention in Q3 Despite Market Turbulence


NEW YORK--Despite the considerable volatility experienced during the third quarter, the US Federal Reserve did not intervene in the foreign exchange markets for the period from July to September, according to the Fed's latest quarterly intervention report.

Federal Reserve Bank of New York executive vice president Peter Fisher said that although the quarter started fairly quietly, by the end, there had been "quite a sea change in investor sentiment as turmoil in financial markets escalated".

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: