Bank intervenes to prop up Euro – HGCA

Tuesday, 07 November, 2000

  • ECB intervenes to stabilise Euro

    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.

  • 2000/01 intervention season supports EU barley

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

  • EU market thinly traded

    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 Euro0.50 and Euro0.25/t. There was no MANCOM meeting this week due to the holiday. The next meeting is on 09 November.

  • Euro1 = 59.95p at time of writing

    Taken from HGCA weekly MI Bulletin
    To contact the HGCA phone 020 7520 3972

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