Currencies
Currencies News
Euro Falls for Second Day Versus Dollar as Post-Fed Rally Fades
The euro fell for a second day against the dollar, after climbing to a three-week high on Thursday, amid speculation the U.S. currency’s record rally will continue even after the Federal Reserve cut its outlook for interest rates.
Pimco Bets Aussie Will Weaken With Yen on Additional Easing
Pacific Investment Management Co. is seeking to profit from declines in the Australian dollar and yen against the U.S. currency even after the Federal Reserve signaled it wasn’t in a hurry to raise borrowing costs.