Dollar sinks as yen climbs sharply

The Trump administration has linked security guarantees for Ukraine to Kyiv ceding the Donbas region to Russia, and there’s speculation that the US and Japan could be working together to support the yen. Plus, Israel’s military announced it had retrieved the remains of the last hostage from the Gaza Strip, and Big Tech companies are on track to dominate borrowing in the US bond market.

Mentioned in this podcast:

US links security guarantees for Ukraine to peace deal ceding territory

Dollar sinks to 4-month low and gold soars past $5,000 as yen leaps

Israel retrieves remains of last hostage in Gaza

Big Tech’s borrowing spree raises US bond market fears

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Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Clare Williamson and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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