Did the September, 2000, currency intervention by the United States and other countries influence the dollar-euro exchange

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Did the September, 2000, currency intervention by the United States and other countries influence the dollar-euro exchange rates? Plot for the September-October 2000 period the daily dollar-euro exchange rate (FRED code: EXUSEU) and, on the right scale, the Fed’s sales of dollars for Euros (FRED code: USINTDMRKTDM). Was the intervention successful? If not, why not?

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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