- We have intervened appropriately
- But degree of intervention in FX market is smaller than usual
- Have warned those who are trying to speculate in the market
- Small and medium-sized exporters joined larger firms in selling US dollar positions today
They don’t manipulate but they do intervene. Same difference, no? In any case, this will be an interesting spot with regards to dollar sentiment so just keep an eye out in the days ahead.
This article was written by Justin Low at www.forexlive.com.