Falling oil prices help calm worries about inflation, and Wall Street rallies
Oil prices are easing and helping to calm Wall Street’s worries that inflation could get even worse
Washington's decision to join Japan in supporting the battered yen has prompted questions over what motivated the rare coordinated intervention.
Oil prices are easing and helping to calm Wall Street’s worries that inflation could get even worse
A rare US intervention in Japan's currency reminded investors of the delicate balance between the dollar and the yen and its importance for markets.
Framed as ‘good for the world economy’, joint intervention between US and Japan to boost the yen could mainly benefit America
The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — fell over 1 basis point to 4.688%.
Asian shares are mixed after the U.S. and Japan confirmed they had acted to prop up the value of the Japanese yen against the U.S. dollar.