Dollar Falls for 4th Day as Fed Readies Decision Before Election
- Central bank seen on hold Wednesday with gradual rate path
- Clinton leads Trump with independents in latest Bloomberg poll
Time to Prepare Portfolios for a Trump Victory?
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The dollar fell for a fourth day, the longest streak since July, as the Federal Reserve prepares to make an interest-rate decision just under a week before voters elect the next U.S. president.
The U.S. currency slid versus most of its major peers on speculation Fed policy makers will emphasize that the path of future interest-rate increases will be gradual, even as they keep open the door to a December rate hike. A Bloomberg poll of independents showed Democratic nominee Hillary Clinton narrowly ahead of Republican candidate Donald Trump in a four-way race, fueling uncertainty.