Dollar Trades Near 8-Month Low on Prospects of More Fed Easing
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The dollar traded near an eight-month low against the euro on speculation that Federal Reserve policy makers will this week signal their willingness to buy more government debt to support economic growth.
The dollar touched a 15-year low versus the yen before tomorrow’s release of minutes from the Fed’s Sept. 21 policy meeting. The euro pared gains against the U.S. currency after authorities failed to narrow differences over exchange-rate policies at the International Monetary Fund’s annual meeting.