Business
The Dollar Is Testing Multiyear Lows
The ICE U.S. Dollar Index fell 0.8% on Tuesday morning, putting the greenback on pace for its worst four-day stretch since April and for its lowest settle in nearly four years.
On Friday, the Treasury Department took steps that sparked speculation it could try to boost the Japanese yen against the dollar. U.S. intervention in foreign-exchange markets is rare, and Wall Street is now on high alert for any signs of a government move.
On Tuesday, Japan’s finance minister, Satsuki Katayama, said Japan would take appropriate action in the forex market if needed, but stopped short of announcing direct intervention.
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