European Central Bank


When the ECB intervened back in , fundamentals supported a stronger EURUSD, as the pair traded near While the intervention was initially a losing proposition (the pair fell to within a month), the move was eventually effective in creating a bottom in the currency pair.

The American dollar is generally the primary target for these currency managers.

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Currency intervention, also known as foreign exchange market intervention or currency manipulation is a monetary policy operation. It occurs when a government or central bank buys or sells foreign currency in exchange for their own domestic currency, generally with the intention of .

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