"We will always be there for Japan". With these words, the President of the United States, Donald Trump, explained his government's intervention at the beginning of August to curb the fall of the yen, the Japanese currency, in the markets. The declaration of support and friendship, however, has been followed by certain tensions between him and the Asian country's Prime Minister, Sanae Takaichi, as the White House considers that she is not doing enough to stop the decline of her currency.

On October 6, 1973, thousands of Israeli soldiers were forced to eat. That day, the country was celebrating Yom Kippur, one of Judaism's holiest holidays, characterized by fasting and prayer, when it was attacked militarily by Egypt and Syria. Many members of the army had to postpone their celebrations. This war, which lasted about three weeks, was another episode in the Arab-Israeli conflict. But at the same time, it marked a turning point for the global economy, as the Organization of the Petroleum Exporting Countries (OPEC, comprised mainly of Arab states) implemented a crude oil embargo on Western countries (the United States and some allies, primarily European), which caused prices to skyrocket and triggered the first of the oil crises of the 1970s and early 1980s.

The first year of Donald Trump's return to the US presidency has seen a notable decline in the value of the dollar and an increase in US debt interest rates, but by no means can it be considered an unprecedented fall. Despite Washington's threats to close US allies—such as Denmark—the trade war, military interventions in Venezuela and Iran, and attacks on the independence of the Federal Reserve (the Fed, the US central bank), the greenback has leveraged its dominant position as a safe-haven currency to maintain its strength.

Just days after announcing a battery of tariffs against most of the world's countries in an event he dubbed Liberation Day, US President Donald Trump reversed course and suspended most of them in an attempt to "negotiate." Although stock markets reacted sharply and most governments criticized the measure, Trump's retreat was largely due to the rise in the price of Treasury bonds, US government debt securities.

Javier Milei's government has launched what it calls the third phase of its economic policy. Last Friday night, the Argentine president announced on national television that he was ending the so-called exchange rate clamp for individuals, a regulation that limits the purchase of dollars—the currency in which Argentines who can afford to save typically—to a total of $200 per month.