Dollar Slides Versus Yen as Prospect of September Fed Hike Dims

  • Odds of a Fed rate increase this month drop below 25 percent
  • Yen climbs as markets having a ‘hard time believing’ BOJ: ING

The Factors Weighing on the Fed's Next Move

The dollar slid to the lowest level in almost two weeks versus the yen after a report Tuesday showed that U.S. service industries expanded at the slowest pace in six years, dimming prospects the Federal Reserve will increase interest rates this month.

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