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BOJ alone spent $87B in two days, a much larger amount than the previous rounds. The US Treasury Department committed between $5B to $10B.
The intervention involved a controversial decision by the Treasury to use its Euro denominated assets instead of Dollar assets. The Euro sale raised serious alarms among the European capitals, who had not been informed in advance. The move adds to the EU's long list of grievances against the Trump administration and may increase the risk of EU going for the nuclear option to dump US assets in a future dispute.
The Dollar and the US bond market has been under severe pressure, with the 10-year yield climbing almost 80 basis points since the beginning of the war in Iran. Had Washington used the dollar instead of euro to fund the intervention, it would put further selling pressure on the bond market.
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Forwarded from Tabz - Live News (Rayden Skahyv)
๐พ๐ช โ Houthis/Ansarallah launched missile attacks against the PLC-controlled port city of Mokha.
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Tabz - Live News
๐พ๐ช โ Houthis/Ansarallah launched missile attacks against the PLC-controlled port city of Mokha.
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Tabz - Live News
๐พ๐ช โ Houthis/Ansarallah launched missile attacks against the PLC-controlled port city of Mokha.
4 Military and 3 Civilian.
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Trump would extend the ceasefire indefinitely if Iran's nuclear program stays in check and the Strait of Hormuz reopens to traffic, American officials say. Full reopening of the strait would also lift the U.S. blockade on Iran's ports.
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