G7 Intervention And The Euro: The Rumours Fly
FRONT PAGE NEWS
LONDON--Was there a leak, or wasn’t there? That is the question still intriguing dealers a full week after the first concerted effort by G7 central banks to support the euro.
There is no doubt that there was heavy buying in the market on Thursday September 21, and the following Friday morning before the central banks started their concerted effort at 11.05am, GMT.
Reuters, the first wire to carry the news, reported the intervention at 11.15am.
Later last week, a leading German newspaper, the Frank
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