The report raised expectations that the Fed might go back to an aggressive monetary policy stance, but Powell did not lean further into that argument in his speech on Tuesday. Meanwhile, the euro was up 0.04% at $1.0713, off the one-month low of $1.067 it touched on Tuesday.
Yen’s slide to weekly loss prompts bets for another intervention
The Japanese yen is facing its steepest drop in three months, prompting traders to expect more government action to support its value. Key to this
August 14, 2026