Currencies
Currencies News
Dollar Rises to Five-Year High Against Yen; Swedish Krona Gains
The dollar rose to a five-year high against the yen and headed for an annual gain versus most major peers on optimism a sustained U.S. recovery will enable the Federal Reserve to cease currency-debasing stimulus in 2014.
Latin America’s Rout Seen Extending Into Next Year: Currencies
Foreign investors are betting the worst rout in Latin American currencies since 2008 will extend into next year as commodity export prices slump and rising U.S. bond yields lure money out of the region.