Bank intervenes to prop up Euro – HGCA

Despite the slow upward trend in the value of the Euro in recent weeks, the ECB intervened further in currency markets on both Friday and Monday to support its value.

The new intervention season opened in Northern member states last Wednesday (01 November), giving barley prices some support.

The All Saints Public Holiday last week left most EU markets thinly traded. Problems with wet weather, raising concern over low winter crop plantings, saw MATIF May and July values up 0.50 and 0.25/t. There was no MANCOM meeting this week due to the holiday. The next meeting is on 09 November.