00:00It's Benzinga bringing Wall Street to Main Street.
00:02The dollar weakened against most major pairs on Monday as investors debated whether potential
00:07U.S. participation in foreign exchange intervention in Japan could further erode
00:11sentiment toward the world's reserve currency. According to Bloomberg, the yen strengthened 1%
00:17in Asian trading as speculation grew that Japanese authorities may intervene to support the currency,
00:23possibly with U.S. involvement. Bloomberg's dollar gauge fell 0.4%,
00:27extending a 1.6% decline last week. Traders pointed to reported inquiries by the Federal Reserve Bank of
00:34New York into the yen's exchange rate as a possible precursor to coordinated action.
00:39The dollar has fallen more than 9% since the start of last year amid volatile U.S. policymaking,
00:44concerns over Federal Reserve independence, and expectations of pressure to cut.
00:48For all things money, visit Benzinga.com.
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