Currencies
Currencies News
Yen Drops as Abe Delays Tax Increase Amid Recession; Euro Climbs
The yen fell against the euro and approached its weakest in more than seven years against the dollar as Japanese Prime Minister Shinzo Abe called an early election and suspended a planned sales-tax increase.
Fed Researcher Sees Low Inflation Persisting Through End of 2016
Monetary policy “appears to be far from causing excessive inflation” and price increases are likely to remain slow through the end of 2016, according to research by the Federal Reserve Bank of San Francisco.