FRANKFURT (MktNews) - The European Central Bank said Thursday that it had no comment on market talk that European central banks were interested in buying the euro.
ECB officials have said in the past that they would clearly announce when the central bank is conducting foreign exchange intervention, indicating that a no comment means they are not doing so.
The ECB must approve all foreign exchange intervention by eurozone central banks. However, national central banks still are able to conduct exchange market operations to manage their reserve portfolio or conduct commercial business up to a limit set by the ECB.
Market players reported rumours that the European central banks were buying euros at about 08:30 GMT, after the euro spiked up from below $0.9045 to just over $0.9100.