Today, the dollar fell 0.46% to its lowest level since March 2022, marking its fourth straight day of decline. The dollar has now dropped over 2.26% since Friday.
The dollar, already in decline, suddenly plummeted late Friday after the U.S. Treasury instructed the New York Federal Reserve to conduct a rare “rate check” with currency traders on the dollar/Japanese yen exchange rate.
The move suggests the U.S. government may be considering collaborative efforts with the Bank of Japan to strengthen Japan’s currency.
The Nikkei 225 stock index dropped 1.79% this morning as traders worried that a rising yen could negatively impact export-dependent Japanese equities.
S&P 500 futures declined by 0.12% today.
In the U.S., all activity is paused ahead of the Fed’s interest rate decision on Wednesday.
By CEO NA Editorial Staff
