Signs pointing to Fed entering currency war?
Policymakers see dollar's rising value as persistent source of restraint on exports
Washington
THE minutes from the Federal Reserve's meeting in January have foreign-exchange traders wondering whether Janet Yellen has joined the currency wars.
Policymakers pointed to the dollar's rising value as "a persistent source of restraint" on exports in a surprisingly dovish set of minutes published on Wednesday. The greenback fell against a broad group of its peers.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
Overcrowded Venice introduces first payment charge for tourists
South Korea readies new system to detect illegal short-selling
US births retreat after pandemic-era growth
Markets are embracing India’s Modi for what he won’t do
Blinken to meet businesses in Shanghai as he kicks off a tough China trip