Dollar Gains as FOMC Holds Interest Rates Steady
Yahoo Finance·2026-01-28 20:34
In addition, the dollar is weighed down by speculation that the US might coordinate FX intervention with Japan to boost the yen, which would dovetail with Mr. Trump's apparent view that a weak dollar is good for the US as a stimulus to US exports. The yen rose to a 2.75-month high against the dollar on Tuesday as US authorities reportedly contacted market participants last Friday to check dollar/yen prices, a possible precursor to intervention.The dollar is also under pressure due to US political uncertaint ...