New York Fed's Foreign Exchange Operations Report

According to the Federal Reserve Bank of New York's Treasury and Federal Reserve Foreign Exchange Operations quarterly report for January-March 2007, published 3 May, the U.S. monetary authorities did not intervene in the foreign exchange markets during the January-March quarter.

During the three months that ended March 31, 2007, the dollar depreciated 1.0 percent against the yen and 1.2 percent against the euro. In this period, the dollar's trade-weighted exchange value decreased 1.1 percent as

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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