Former U.S. Treasury Secretary Lawrence Summers Says Currency Interventions Ineffective at Shifting Exchange Rates
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#191fec04 ver:0.88

Former U.S. Treasury Secretary Lawrence Summers says currency interventions are ineffective at shifting exchange rates, despite recent efforts by central banks. The yen has had its best week in over a year, likely due to intervention by the Bank of Japan. However, the yen's gains have been trimmed, and traders are now looking to U.S. economic data for market direction. Japan's intervention has prevented lopsided bets against the yen, but the effectiveness of intervention remains uncertain. The dollar is losing ground against its peers and is set for its worst week in nearly two months. #CurrencyIntervention #YenStrength #MarketDirection...

#newstr #CurrencyInterventions #ExchangeRates #Japan #UsTreasury #LawrenceSummers 

 https://here.news/story/191fec04?ver=0.88