Dollar Wobbles Near Multi-Month Lows as Fed Bets Fade, Iran Risk Builds
The US dollar hovers near multi-month lows as traders scale back Fed rate hike bets while Middle East tensions push oil higher and rattle Asian currency markets.
Central Banks
Fed’s Silence Under Warsh Called ‘Serious Mistake’ as Bond Yields Climb
Moody’s Analytics economist Mark Zandi warns the Fed’s lack of forward guidance under Chair Kevin Warsh is driving up long-term rates and market volatility.
Japan, US Confirm Joint Yen Intervention
The yen’s wild swings have prompted an unusual admission from Tokyo: Japan didn’t act alone this time. Finance minister Satsuki
US Yen Intervention Raises Questions on Scale
The dollar-yen trade is once again the talk of currency desks after reports emerged that US authorities stepped into the