The South Korea central bank surprised the markets on Friday with a $4bn lightning intervention in support of the won, carried out in the last two minutes of trading.
Brazil spent 2.75bn selling dollars the day before.
Does this mean central banks are finally trying to reverse the sharp plunge in their currencies over the past months?
Probably not, currency strategists believe. The best evidence is that the amounts of money involved are not great.
Brazil spent 2.75bn selling dollars the day before.
Does this mean central banks are finally trying to reverse the sharp plunge in their currencies over the past months?
Probably not, currency strategists believe. The best evidence is that the amounts of money involved are not great.
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