United States CFTC S&P 500 NC Net Positions rose from previous $-80.9K to $-42.5K

When a currency weakens too quickly, central banks often step in. The objective is clear: stabilise markets, restore confidence, and if possible, reverse the move. But history suggests the reality is more complex. Intervention can slow a trend, and at times trigger sharp reversals; but it rarely changes direction unless the underlying macro forces shift as well.

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