Japan, China lead foreign government retreat from U.S. Treasuries as Gulf War fallout stokes currency fears
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Source: CNBC
Published: 2026-05-19 18:59 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Middle East, Asia, Military & Defence, Energy, China, War & Conflict, Asia Pacific
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Snippet:
Foreign governments cut U.S. Treasuries in March as the Middle East war forced central banks to liquidate dollar reserves, defending local currencies against an energy shock that sent exchange rates tumbling.
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