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An electronic board displays the exchange rate of the Japanese yen against the U.S. dollar in Minato Ward, Tokyo on August 3, 2026.
What We're Watching

US helps out Japan with currency, Record heat in Europe gets nuclear, Iran war déjà vu

Japan and the United States confirmed today they jointly intervened to prop up the Japanese yen, the first such action since 2011.

​A Chinese clerk counts RMB (renminbi) yuan banknotes at a bank in Lianyungang city, east China's Jiangsu province, on Aug. 11, 2015.
Analysis

Is China’s currency coming for the US dollar?

On Saturday, Chinese President Xi Jinping made it public: he wants the renminbi, China’s currency, to replace the dollar as the global reserve currency. But is this even possible?