US Euro Sell-Off for Yen Blindsides ECB, Straining Global Central Bank Ties
In a move that has sparked diplomatic friction, the US Treasury recently conducted a historic currency intervention, selling euros to purchase Japanese yen, and notably informed the European Central Bank (ECB) only after the transaction was completed. This unprecedented action, executed around July 31 and August 1, 2026, aimed to bolster the struggling yen without weakening the US dollar, but senior ECB officials are reportedly viewing it as a serious breach of long-standing international cooperation conventions among Western monetary authorities.

















