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Yen Intervention Fails to Halt Slide, Pressuring Chinese Yuan
The historic US-Japan intervention aimed at stabilizing the yen has reportedly failed to halt its slide, subsequently putting more pressure on China's yuan. This suggests the intervention did not achieve its desired effect on currency markets.
12 Aug, 03:37 — 12 Aug, 08:48
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (27/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 2/5 buckets covered8/33
Far L
Left1
Left (1)
cnbc
Center1
Center (1)
bloomberg
Right
Far R
Geographic diversity— 1 region4/34
US2
ℹAll sources from US region
ℹOnly 2 sources cover this story
Sources
Showing 2 of 2 sources
bloombergHigh2d ago
Yen Intervention Put China’s Yuan Under More Pressure, BE Says
China’s currency has come under more pressure to appreciate since the US and Japan moved to strengthen the yen, according to Bloomberg Economics, potentially draining support for growth as the yuan gains despite falling bond yields and a sluggish economy.
By Bloomberg News
Read full article →cnbcMostly Factual3d ago
Why the historic U.S.-Japan intervention has failed to halt the yen’s slide
The Japanese yen has erased about half of the gains from an unprecedented U.S.-Japan intervention less than two weeks ago.
Read full article →Coverage Timeline
First report: cnbc · 12 Aug, 03:37|Full coverage: 2 · 5h|Window: 5h
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