Pursuits
Dollar Declines Versus Major Peers With Fed Decision Approaching
- Greenback slips on risk central bank sounds 'dovish': Mizuho
- Currency gauge ends seven-day gain streak as home sales fall
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The dollar fell against most of its major peers, with a gauge of the currency slipping from a three-week high, as traders awaited the Federal Reserve’s policy decision.
Weakness in emerging markets may mean the U.S. central bank will sound “dovish” at its meeting ending Wednesday, which would weigh on the dollar, according to Neil Jones, the London-based head of hedge-fund sales at Mizuho Bank Ltd. That frailty already has prompted the People’s Bank of China to lower its benchmark interest rate and helped lead the European Central Bank to indicate last week it would consider more stimulus measures.