The U.S. intervened to prop up the dollar, buying $1B against the yen on March 18, the New York...

|By:, SA News Editor

The U.S. intervened to prop up the dollar, buying $1B against the yen on March 18, the New York Fed notes in its quarterly report to Congress, released earlier than expected. In Q1, the dollar depreciated 5.5% against the euro but appreciated 2.5% against the yen.