The Federal Reserve sold $2.14 billion in...

The Federal Reserve sold $2.14 billion in the currency markets to thwart the dollar’s rise in August and September, then bought $200 million in October to limit its decline, the Federal Reserve Bank of New York said in a report. The U.S. central bank refuses to confirm or deny market intervention on the day but it does issue a report on its dollar buying and selling four times a year. The Fed sold $1.81 billion using West German marks between Aug. 5 and Aug. 23, sold $230 million for marks between Sept. 14 and Sept. 22, and sold $100 million for marks on Sept. 26.