A straw poll of a couple of big foreign exchange market participants found that about one-third of them believe there will soon be concerted central bank intervention to support the dollar. And the majority of them believe the chances will increase if there is a disorderly move in euro/dollar above 1.6000.
Perhaps those who believe there will be action have read a recent note from BNP Paribas, which the bank itself cautions is not objective research, but which is an interesting read nevertheless.
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