Dollar Falls to Lowest in a Week on Fed; Real Jumps
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The dollar fell to the lowest in more than a week as Federal Reserve Bank of New York President William C. Dudley said he’s “getting more hopeful” about the economy while indicating no change in bond buying anytime soon.
India’s rupee and Brazil’s real led gains among emerging-market currencies as Asian and European equities strengthened after China vowed to carry out the broadest expansion of economic freedom since at least the 1990s. The dollar dropped last week after Fed Chairman-nominee Janet Yellen said monetary stimulus was still needed to spur growth.