Dollar Stalls on Kaplan Comments as Korea Concerns Boost Yen
- Won falls as trade reopens after Tuesday’s presidential vote
- Aussie strengthens on positive rating comments after budget
Rivlin Sees Fed Staying on Track Despite Uncertainty
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The dollar fell for the first time in three days as Federal Reserve Bank of Dallas President Robert Kaplan said he was cognizant U.S. inflation pressures were muted. The yen rose amid concern over North Korea’s nuclear program.
The greenback dropped versus all its Group-of-10 peers as Kaplan said it was possible the economy will “unfold in a weaker way” and the Fed will raise interest rates less than the three times this year it has suggested. The dollar also declined as President Donald Trump fired FBI Director James Comey amid the agency’s investigation of Russian interference in last year’s election.