Excessive movements in European country currencies have provoked intervention by central banks. In Switzerland, the Swiss National Bank (SNB) has turned more aggressive in devaluing the Swiss franc by buying dollars as well as euros. For Denmark, foreign exchange reserves rose to an all-time high in April 2009, leaving it ready to fight another Danish krone (DKK) selloff as the Danish central bank closes its rate gap with the European Central Bank (ECB). The Swedish krona remains the best performing G10 currency. However, the rapid depreciation of the pound sterling (GBP) versus G3 currencies has slowed, reducing risk of intervention by the Bank of England (BoE).
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Brown Brothers Harriman
Jun 25, 2009
Swiss National Bank has turned more aggressive in its intervention
Bank of America Merrill Lynch
May 29, 2009
Sweden: Rough Time | EU: No Deflation | Japan: Exports Recovering | Australia: Soft Landing
May 17, 2009
Repeating A 1930s Mistake? Competitive Devaluations
Bank of New York Mellon
May 15, 2009
More intervention on the cards?
May 07, 2009
Denmark Cuts Benchmark Rate More Than ECB to 1.65%, Holds Record Reserves
Institute of Economics, University of Copenhagen
Apr 14, 2009
Official Japanese intervention in JPY/USD exchange rate market: is it effective and through which channel does it work?
Feb 22, 2009
G-7 approves Japan to intervene in currency market | Severe economic contractions across East Asia
Jan 29, 2009
When will the SNB and BoJ intervene?
Jan 26, 2009
New fears of intervention in G10 FX?
Jan 22, 2009
Should Japan Ignore Tim Geithner and Intervene to Prop Up the Yen?
ING Wholesale Banking
Dec 19, 2008
USD/JPY can buck strong dollar trend and fall to 80 in 1H09, raising speculation of yen intervention
Dec 12, 2008
Yen: Pattern of capital flows presaging intervention?
Jul 14, 2008
Why USD Intervention Will Be an Option; EUR: EGBs are Expensive; Japan and Dutch Disease
Mar 20, 2008
Currency Interventions and Relative Monetary Policy