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CNBC
CNBC
4 weeks ago

Japan, China lead foreign government retreat from U.S. Treasurys as Gulf War fallout stokes currency fears

Japan, China lead foreign government retreat from U.S. Treasurys as Gulf War fallout stokes currency fears

The selloff came as the outbreak of the U.S.-Iran conflict and resulting surge in crude oil prices sent the Japanese yen and other Asian currencies tumbling.