Can The U.S. Keep Intervening As Currency Portfolio Grows?
REGULATIONS
U.S. regulatory officials may want to see the dollar trade at lower levels, but market participants are beginning to wonder whether they can afford to put their money where their mouth is. The dollar's recent climb has depressed the regulators' portfolio of foreign currencies, and any further attempts to push the dollar down will just add to its already sizable exposure.
A spokesman for the Federal Reserve Bank in Washington brushed aside those concerns, but market participants believe they are
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