Concerted Intervention

Concerted Intervention
   Pre-arranged simultaneous intervention in foreign exchange markets by several central banks. This usually happens at the behest of one single central bank which is trying to maintain a target rate for its currency. The intervention may be designed to strengthen or weaken a currency as a matter of deliberate policy, or to fight off speculative currency flows.
   ► See also Intervention.

Financial and business terms. 2012.

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