Dollar Rally Unwinds on Fed Whiplash as Yen Probes 100 Threshold

  • Greenback struggles to climb from three-month low versus peers
  • There’s growing skepticism Japan will intervene to weaken yen

The Rate Woes That Stretch From Japan to Europe

The dollar dropped below 100 yen for the second time this week, undermined by the minutes of the Federal Reserve’s July meeting, which showed officials were divided over the urgency to raise interest rates.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.