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Currencies News
Dollar Snaps Record Weekly Rally as Fed Rate Increase Bets Pared
Andrea Wong12:00 am ET
The dollar snapped the longest weekly rally since the collapse of the Bretton Woods system in 1971 after the Federal Reserve expressed concern the currency’s strength posed a risk to the U.S. economic outlook.
Lew Warns About Competitive Devaluations as Dollar Gains
Kasia Klimasinska and Simon Kennedy2:01 pm ET
U.S. Treasury Secretary Jacob J. Lew warned global policy makers against devaluing exchange rates for competitive advantage amid mounting concern over the strength of the dollar and slowing world growth.
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