In a rare move on July 31, 2026, the U.S. Treasury via the New York Fed sold euros instead of dollars from its reserves to buy and support the crashing Japanese yen. But why is the US deploying Euros instead of Dollars to do so?
#dollar #yen #japanese #japaneseyen #china #euro #europe #europeancentralbank #ecb #abhinavtrivedi #donaldtrump #trump #japan #takaichi
Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you.
Click here to download the Mint App: https://livemint.onelink.me/MrDS/p0kx3pdg
Now make Mint your preferred source on Google and get business & finance updates first.
Add here – https://www.google.com/preferences/source?q=mint
Subscribe to Mint Premium Now: https://www.read.ht/Scaq
Subscribe to Mint’s WhatsApp Channel: https://whatsapp.com/channel/0029Va91YSeGehEM6oMesj3d
source
