Currency Intervention

August 4, 2026 ・Key Gold Headlines

Washington Joins Tokyo in Rare Yen Intervention; Gold Gains on Currency Uncertainty

In an unexpected echo of the 1990s, the U.S. Treasury on July 31st directed the New York Fed to sell euros and purchase Japanese yen, marking the first outright yen-buying intervention by the United States since 1998. Tokyo’s Ministry of Finance had already entered the market earlier that day, and Washington’s involvement turned the move […]

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