Central bank intervention remains unlikely
Speculation of central bank intervention has risen as the euro reaches unprecedented highs against the dollar, which is itself trading at a three-year low against the yen.
The last major co-ordinated intervention was in September 2000, when the Bank of Japan (BoJ), the US Federal Reserve, Bank of England, Bank of Canada and the European Central Bank (ECB) joined forces to slow the euro's decline.
But while exchange rate and asset market volatility stays at current levels, the risk of a co
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