Fed Intervened Twice In August-October Period


The Federal Reserve intervened twice in the foreign exchange market in August, buying $1.1 billion worth of Deutsche marks, but stayed away in September when the Exchange Rate Mechanism came under pressure, officials there confirmed late last week. The U.S. central bank did, however, buy $400 million against marks in an off-market transaction on September 8.

In addition, the U.S. monetary authorities sold $1.873 billion Deutsche marks to the German Bundesbank as was agreed last May. The Fed

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets 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: