TOKYO — The U.S. dollar weakened sharply Monday against the Japanese yen after U.S. President Donald Trump and Japan’s finance minister confirmed both sides had intervened in markets. Before late last week, the dollar was trading above 163 yen, touching 40 year highs. After regulators were suspected of stepping in, it fell below 160 yen.
China’s economic growth slowed sharply between early April and late June, as weak domestic demand and the impact of the Iran war on oil prices overshadowed the country’s strong exports. Official gross domestic product (GDP) figures showed the world’s second-largest economy grew 4.3% in the second quarter, below Beijing’s annual target, and after a 5%
Throughout its negotiations with the United States, Iran has insisted that it has the right to control movement through the strait and introduce tariffs for the passage of ships. The United States and its Gulf allies, as well as governments in Europe and Asia, oppose this and say passage through the strait must return to