Dollar Falls Most in 7 Years as Fed Shock Spills Into Second DayBy
Central bank's stance bolsters higher-yielding currencies
Investors start to question future of dollar's rally
The dollar reached its largest two-day decline since 2009 on Thursday as investors recalculated the Federal Reserve’s tightening path after the central bank cut forecasts for economic growth and inflation, and set a higher bar for when it may raise rates again.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig
- Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’
- Getting a Dog May Save Your Life, Especially If You’re Single
- The Questionable Math Behind Manafort’s Extravagant Home Renovations
- Honda Recalls 800,000 Odyssey Minivans Linked to Injuries