Currencies
Currencies News
Dollar Gains Versus Major Peers on Yellen Comments; Pound Surges
The dollar gained against all except one of 16 peers as Federal Reserve Chair Janet Yellen told lawmakers the U.S. economy is on a solid trajectory while emphasizing “significant slack” in labor markets.
FSB Weighs Extending Window for Foreign-Exchange Benchmarks
Global regulators published details of their plans to overhaul foreign-exchange benchmarks in response to allegations traders colluded to manipulate rates in the $5.3 trillion-a-day currency market.