AOL

Fed confirms it obeyed U.S. Treasury request for an unusual ‘rate check,’ weakening the dollar against foreign currencies

The U.S. Federal Reserve confirmed yesterday that its trading desk did conduct a rare “rate check” on the exchange rate between the U.S. dollar and the Japanese yen on behalf of the U.S. Treasury ...
AOL

An unusual Fed ‘rate check’ triggered a free fall in the U.S. dollar and investors are fleeing into gold

The U.S. dollar has been in relative free fall since late Friday after it emerged that the New York Federal Reserve had conducted a rare “rate check” with currency traders on the dollar/Japanese yen ...