US bought 1.5 bn euros in Sept. 22 intervention

The US monetary authorities intervened in the foreign exchange markets on one occasion during the third quarter, on 22 September, buying a total of 1.5 bn euros, the Federal Reserve Bank of New York said today in its quarterly report to the US Congress.

According to the report, the dollar appreciated 8.2% against the euro and appreciated 2% against the Japanese yen during the three month period that ended 30 September 2000.

The intervention was carried out by the foreign exchange trading desk at

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