The impact of central bank intervention has already weakened progressively in recent years, because it relies on the ability of fools to constantly raise the ante. (hussmanfunds.com)
This is in contrast to the situation in late 2003 / early 2004 when movements in many east Asian currencies were limited by substantial central bank intervention in the market. (rba.gov.au)
To those critics, the «search for yield» is an artificial and dangerous phenomenon caused by central bank interventions. (rba.gov.au)