| Author (Person) | (et al.), , Barber, Tony |
|---|---|
| Series Title | Financial Times |
| Series Details | 23.9.00, p1,5,14 (editorial and commentary) |
| Publication Date | 23/09/2000 |
| Content Type | News |
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On 22.9.00 the world's main central banks took financial markets by surprise with a co-ordinated intervention aimed at ending the euro's relentless decline against other currencies. The move, inititated by the European Central Bank, the US Federal Reserve, the Bank of Japan, the Bank of England and the Bank of Canada had an immediate impact, sending the euro from $0.853 on 21.9.00 to just more than $0.90. But the impact faded and the euro ended in London at $0.882. In a joint statement, the central banks said they had taken action with their own reserves because the euro's fall could jeopardise the world economy. |
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| Subject Categories | Economic and Financial Affairs |
