Currencies
Currencies News
Dollar Drops to One-Month Low on Fed Rates Message; Krone Slumps
The Bloomberg Dollar Spot Index fell to its weakest level in almost a month after the Federal Reserve said it will keep interest rates near zero for a “considerable time,” boosting demand for overseas assets.
Traders See Kiwi Flight to Record as RBNZ Repudiated: Currencies
Graeme Wheeler is finding that he can’t be the only major central banker to raise interest rates this year and still expect his nation’s currency to weaken.