FXWire Pro Headline | February 9 2012 4:10 EST
Fed did not intervene currency market in Q4 - NY Fed
News
- Federal Reserve did not intervene in the FX market in the Q4 of 2011-NU fed in its quarterly report
- NY Fed said, during the period, the dollar's trade-weighted value rose 0.7 percent. The U.S. currency gained 3.3 percent against the euro on EZ crisis.
- Against the yen, USD shed 0.2 pct in the fourth quarter. Japan's yen intervention through Dec. 28 totaled about 9.1 trillion yen ($117.70 billion.
- NY Fed added as of Dec 31.the value of the U.S. Treasury's Exchange Stabilization Fund foreign currency-denominated assets, comprising euro and yen holdings, totaled $25.93 billion.
- In late Nov, the Fed and central banks in Canada, Britain, Japan, Switzerland and the EZ agreed to reduce the rate charged on dollar liquidity swap lines.