Pip@feddit.org to Europe@feddit.orgEnglish · 2 days agoUS sells euros to buy yen in rare joint move with Japanwww.wealthprofessional.caexternal-linkmessage-square5linkfedilinkarrow-up126arrow-down10
arrow-up126arrow-down1external-linkUS sells euros to buy yen in rare joint move with Japanwww.wealthprofessional.caPip@feddit.org to Europe@feddit.orgEnglish · 2 days agomessage-square5linkfedilink
minus-squareRiddick3001linkfedilinkEnglisharrow-up5·2 days agoVery weird move for USA to sell € to buy Y, instead of using their own $. Supposedly a very low Japan interest rate and a high US inflation playing a role here.
minus-squareFirst_Thunder@lemmy.ziplinkfedilinkEnglisharrow-up4·2 days agoI also heard the explanation of not wanting to look like they’re simply giving dollars to Japan
Very weird move for USA to sell € to buy Y, instead of using their own $. Supposedly a very low Japan interest rate and a high US inflation playing a role here.
I also heard the explanation of not wanting to look like they’re simply giving dollars to Japan