Question: Did the September 2000 currency intervention by the United States
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?
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