On September 22 four major central banks made joint interventions tosupport the united European currency

/IRBIS, Sep.25, 00/ - Finmarket informs that on September 22, remarkable event took place at FOREX market. It is said that for the first time since 1999 when euro was introduced four central banks of some big countries made joint interventions to support the euro. Those were Federal reserve system of the USA, Bank Japan, European central bank, and Bank of Great Britain that caused 4% hike of the euro against the dollar. Thus, euro rose from 85.77 cents to 89.92 cents and from 91.47 to 95.93 yens. Fast weakening of the euro lately were disturbing the financial world, and later the IMF made a statement on possible tensions in external trade and destabilization on the world currency market followed by protection of the markets of Europe's trade partners if the euro keeps falling further. It is said that investors were bothered by a negative impact of weakening euro on the profits of US companies. It is assumed that the recent statement of the Intel corporation on expected slowdown of its income growth and sales, especially in Europe, that led to 21% decrease in values of its shares followed by declines in the values of other chip producers' shares, caused the leading countries to take appropriate measures. It is believed that the interventions should stop the weakening of euro and maintain the world financial markets stable.