Very weird move for USA to sell € to buy Y, instead of using their own $. Supposedly a very low Japan interest rate and a high US inflation playing a role here.
There's at least a 50% chance that this is not done due to any rational decision making process, but just because a senile old man saw something on the tv as he was dozing off.
5 Comments
HowRu68@lemmy.world · 5 pts · 36d
Very weird move for USA to sell € to buy Y, instead of using their own $. Supposedly a very low Japan interest rate and a high US inflation playing a role here.
First_Thunder@lemmy.zip · 5 pts · 36d
I also heard the explanation of not wanting to look like they’re simply giving dollars to Japan
CAVOK@lemmy.world · 3 pts · 36d
This guy is petty spot on too. https://youtu.be/eRwzqlpdyjg
MummifiedClient5000@feddit.dk · 2 pts · 36d
There's at least a 50% chance that this is not done due to any rational decision making process, but just because a senile old man saw something on the tv as he was dozing off.
CAVOK@lemmy.world · 1 pts · 36d
A report on it from Australia news. https://youtu.be/u4Kx2USLZGo