Currencies News

Dollar Drops Versus Major Peers as Jobs Decline Damps Taper Bets

The dollar dropped against all but one peer after U.S. employers added the fewest jobs in two years in December, reducing speculation the Federal Reserve will wind down the bond-buying it uses to support economic growth.

Yen Seen Rallying 15% Threatens Abe’s Successes: Market Reversal

Mitsubishi UFJ Morgan Stanley Securities Co. and Westpac Banking Corp. are breaking from the pack to bet the yen will rally in 2014, which could threaten Japan’s efforts to reflate the economy.

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