Forex Today: US Dollar hits four-month lows as Fed decision looms
The US Dollar (USD) collapsed on Monday on headlines indicating that the United States (US) Federal Reserve (Fed) asked banks in New York about their position sizes in USD/JPY, leading to speculation that the US may be preparing to work with Japan on the Japanese Yen’s (JPY) ongoing weakness.
The US Dollar (USD) collapsed on Monday on headlines indicating that the United States (US) Federal Reserve (Fed) asked banks in New York about their position sizes in USD/JPY, leading to speculation that the US may be preparing to work with Japan on the Japanese Yen’s (JPY) ongoing weakness.
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