Dollar Falls on Yellen’s Rate Plans as Currency Volatility Drops
How Investors Are Interpreting Yellen's Remarks
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The dollar fell for a second day against most major peers after Federal Reserve Chair Janet Yellen said the central bank’s timetable for raising interest rates is flexible.
The Bloomberg Dollar Spot Index extended a decline that started after Yellen told a Senate committee Tuesday that the labor market was improving even as inflation and wage growth remain too low. She testifies again Wednesday. Volatility in the $5.3 trillion-a-day currencies market has plunged this week.