ECB Intervention Talk ‘A Risky Scenario’
CURRENCY NEWS
FRANKFURT--The sabre-rattling from the ECB on intervention to save the falling euro may have lifted the currency off historic lows, but analysts say the central bank is playing a dangerous game.
Strong verbal intervention may be providing temporary support, but unless it is followed by action, there will be a temptation to call the bank’s bluff in future.
Ever since the euro hit a new low of around $0.8850 and Y95.60 on May 4, ECB officials have been loudly reminding the markets that intervention
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