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QUESTION
oreign market participants monitor the European Central Bank's direct intervention efforts? How does the ECB attempt to hide its intervention actions?...
Why do foreign market participants monitor the European Central
Bank's direct intervention efforts? How does the ECB attempt to
hide its intervention actions? The media frequently reports that 'the
euro's value strengthened against many currencies in response to
the ECB's plan to increase interest rates.' Explain why the euro's
value may change even before the ECB affects interest rates?
