Thursday, October 9, 2014

Dollar falls interest rates raise is uncertain

The dollar weakened to a three-week low against the yen as investors pushed back bets for when the Federal Reserve will increase interest rates. The greenback fell versus most of its major peers, dropping the greatest against Asian currencies after minutes of Fed policy makers September meeting, released yesterday, showed officials said slowing global growth and a stronger currency pose potential risks to the U.S. outlook.
The dollar depreciated 0.3% to 107.72 yen and touched 107.61, the weakest since September 17. The U.S. currency slid 0.4% to 1.2770 per euro and reached 1.2791, the most since September 24. The Dollar Spot Index, which tracks the greenback against 10 major currencies, lost 0.3% to 1,059.37, after dropping 1.5% during the previous three days.

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