Governments stand in the way of market forces impacting their currencies

Sometimes governments stand in the way of market forces impacting their currencies, and hence, intervene to keep currencies from deviating markedly from undesired levels.

Currency interventions are conducted by central banks and usually have a notable, albeit a temporary, impact on FX markets.

A central bank could undertake unilateral purchases/sales of its currency against another currency; or engage in a concerted intervention in which it collaborates with other central banks for a much more pronounced effect.

Alternatively, some countries can manage to move their currencies, merely by hinting, or threatening to intervene.K7JJV5CQJHBB