Dollar Falls Most in 7 Years as Fed Shock Spills Into Second Day

Updated on
  • Central bank's stance bolsters higher-yielding currencies
  • Investors start to question future of dollar's rally

Deep Dive Into Fed Policy and U.S. Economy

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.

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