Reuters: Dollar slips across the board as intervention risk lifts yen

Category:Cross-Border
Updated:2026-01-28
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"With the 'tariff man' showing no sign of repentance and ‍the U.S. government headed into another shutdown, economic policy uncertainty is soaring once again, leading to an intensification in the ‘Sell America’ trade that has dominated markets for the better part of a year," Karl Schamotta, chief market strategist with payments company Corpay Cross-Border Solutions in Toronto, said. "Positive fundamentals should eventually reassert themselves, but for now, no one is willing to catch the ⁠falling chainsaw that is the U.S. dollar," he said.

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