Emerging Currencies, Stocks Up for Fifth Day After Fed Decision
Trump’s relaxed tone about the dollar selloff is fueling speculation the US currency is at the start of a longer-term decline.
Photographer: Akos Stiller/Bloomberg
Emerging-market currencies and stocks clocked in a fifth session of gains after the Federal Reserve fulfilled market expectations by keeping interest rates steady on Wednesday.
The Federal Open Market Committee voted 10-2 Wednesday to hold the benchmark federal funds rate in a range of 3.5%-3.75%. Governors Christopher Waller and Stephen Miran dissented in favor of a quarter-point reduction.