Economics
Dollar to 15-Month Low After Fedspeak, Euro Rises Past $1.1900
- Euro up versus most major peers, EUR/CHF rises above 1.1500
- Fed’s Bullard and Mester sound caution on further rate hikes
BNY Mellon's Derrick Says Euro Has Room to Appreciate
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The dollar fell to a fresh 15-month low as the euro accelerated beyond $1.1900 in brisk afternoon trading.
The greenback was on a defensive footing and Treasury yields reversed an early gain after a pair of Federal Reserve speakers expressed caution over further rate hikes. The euro rose against almost all G-10 peers and powered to fresh 30-month highs versus the dollar and the Swiss franc, which resumed a decline that had briefly paused on Tuesday.