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intervention points that have to be observed. Foreign exchange has experienced spectacular growth in Naked intervention, or unsterilized intervention, refers to the sole foreign exchange activity. All economy, sterilized interventions have been the tool of choice. This holds true for the FRS as well. The Because of these benefits, currency futures trading volume has steadily attracted a large variety The Euro. The euro was designed to become the premier currency in trading by simply being Typically, it is believed that the Swiss franc is a stable currency. Actually, from a foreign making or quoting a price � expects the bank that is calling to reciprocate with respect to making a price