The Impact of US FX Policy: A Brief and Recent History from BofA
The Evolution of US FX Interventions in the 21st Century Background In the post-Bretton Woods era, US FX interventions have become rare in the 21st century. Influenced by the Plaza and Louvre Accords, US FX policy evolved under Secretary Robert Rubin’s “strong dollar” stance in the 1990s. Interventions were limited in the 21st century, with…