Currencies
Currencies News
Dollar Tumbles Most Since 2009 After Fed Cuts Rate Projections
The dollar tumbled the most in six years after the Federal Reserve slashed projections for U.S. interest rates, tempering the removal of a promise to remain “patient” on raising borrowing costs.
Pound Drops as Weaker Wage Growth Adds to Reasons for Low Rates
The pound slumped to an almost five-year low against the dollar as a report showing U.K. wage growth slowed in the three months through January added to pressure on the Bank of England to hold down interest rates.