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What You Need to Know About Forex Interventions

What You Need to Know About Forex Interventions

5 Years ago | January 15, 2015 00:00:00

I learned a long time ago not to count on central banks to bail out your position and anyone watching the carnage following the Swiss National Bank’s decision to abandon its support of the EURCHF 1.20 peg should use it as a lesson as well. A central bank being forced out of the market after failed interventions is not new but this one took a lot longer than usual and the decision came as a shock to a complacent market.  I wrote an article in July 2009 after the Swiss National Bank intervened in EURCHF and I am reposting it as it is as relevant today as a good primer on central bank interventions.  

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