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 interven

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: