11. It also pledged to keep the value of the peso within a tight trading band, no matter what changes took place in the international markets. 12. It does that by allowing the rupiah to fall within a trading band that it sets. 13. One of the biggest signs of trouble was repeated intervention by the central bank to keep the real in the trading band. 14. The central bank has said that it will not alter the currency exchange trading band, for fear of boosting inflation. 15. The central bank intervened in the currency market, as the peso scraped the bottom of its trading band. 16. The currency has traded the top of its foreign exchange trading band all week as investors anticipate a negative decision from Washington. 17. The central bank intervened three times to buy dollars as the real strengthened, slipping out of the government-set trading band. 18. The central bank official said there is no need to adjust the trading band. 19. The future trading bands will be the same as the bands in the existing exchange rate mechanism. 20. The government said it would allow the bolivar to float freely for an unspecified amount of time before fixing trading bands. |