# The Federal Reserve Did Not Intervene in FX Markets During the Fourth Quarter; The U.S. Treasury Intervened During the Same Period - FEDERAL RESERVE BANK of NEW YORK

> The Federal Reserve Bank of New York reported to Congress that the Fed did not intervene in FX markets in Q4 2025, while the Treasury did. The report also noted the broad trade-weighted dollar fell 0.4% in Q4 and 7.2% over 2025.

- Date: 2026-02-12 · published 2026-02-12T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/20831-the-federal-reserve-did-not-intervene-in-fx-markets-during-the-fourth-quarter
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

This is a background data release on currency policy with no immediate supply or demand change for feed commodities. It only indirectly affects prices through dollar trends.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-02-14 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Fourth Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/60505-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | -0.6% | -0.3% |
| DXY | 2023-02-09 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Fourth Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/37521-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | +0.3% | +1.1% |
| DXY | 2022-02-10 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Fourth Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/42874-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | -0.1% | +1.7% |
| DXY | 2020-02-13 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Fourth Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/54509-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | +0.8% | +3.6% |
| DXY | 2020-11-12 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Third Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/50328-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | -0.5% | -1.7% |

## Sources

- newyorkfed.org: https://www.newyorkfed.org/newsevents/news/markets/2026/20260212

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.