Fed Gives the Dollar the December Blues
- Greenback poised for biggest monthly loss since June
- U.S. currency slides 3.7% versus euro, 2.3% against yen
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The dollar’s in a funk.
The U.S. currency is headed for its biggest monthly loss since June after the Federal Reserve raised its target from near zero on Dec. 16 and underscored that it’ll proceed gradually with additional interest-rate increases.