1 Day
Source:
الاقتصادية
Strategists: US Uses Euro to Leverage Yen
Reports have indicated that the U.S. Treasury Department is using euros instead of dollars to finance its purchases of yen, aiming to avoid weakening the dollar and raising doubts about its "strong dollar" policy. The Federal Reserve Bank of New York requested two major American banks to provide the exchange rate between the yen and the euro, which is an unusual strategy, as the United States has previously intervened directly in dollars. It is believed that the goal is to prevent the U.S. from appearing to sell dollars, thereby protecting its monetary policy—especially after Japan, in collaboration with the U.S., intervened to support the yen for the first time in 15 years. This move reflects an effort to balance supporting the local currency while avoiding negative impacts on the dollar's value.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)