Tag
foreign exchange
4 articles
U.S. Treasury Buys Yen in Joint Intervention With Japan, First in 30 Years
President Trump confirmed the U.S. Treasury purchased between $5 billion and $10 billion in Japanese yen in a coordinated move with Japan's finance ministry to counter yen weakness.
U.S.-Japan Currency Intervention Drives Yen's Largest Rebound in Eight Months
Treasury Secretary Scott Bessent and the Federal Reserve coordinated with Tokyo to reverse the yen's depreciation, pushing the currency up 4.5 percent against the dollar.
RBI Sells $7 Billion to Defend Rupee Against Persistent Dollar Strength
India's central bank executed one of its largest direct interventions in months Friday, selling $7 billion to stabilize the rupee against a surging U.S. dollar.
Egypt Boxing Spectacle Generates $50M FX as EGP Slides to 47.50 Per Dollar
Giza pyramids heavyweight match brings foreign currency inflows as Cairo pursues tourism revenue to support sovereign bonds yielding 19.5 percent