Central bank intervention weighs on investor sentiment

Recent intervention by leading central banks has led to intense debate over the implications for currency markets, with some predicting intervention has whet the appetite of investors for riskier currencies, while others believe macroeconomic fundamentals still weigh heavily on investor sentiment.

"The actions of the European Central Bank (ECB) are taking out some of the worst aspects of negative tail-risk here, particularly on the question of the future of the euro as a single currency