Currencies
Currencies News
Yen Weakens to Five-Year Low on Policy Outlook; Aussie Declines
The yen weakened to a five-year low versus the dollar amid speculation the Bank of Japan will continue unprecedented stimulus while the Federal Reserve pares quantitative easing as the U.S. economy recovers.
Valuations at Extremes Making Winner of Losing Trade: Currencies
Foreign-exchange managers who sold currencies as they became overvalued beat both trend-seekers and traders analyzing interest-rate differentials this year, the first time they’ve won out against these strategies since 2005.