(Bloomberg) -- The dollar fell for a third day against the yen on speculation the Federal Reserve will express growing concern about U.S. economic weakness in a statement tomorrow, boosting the chance of an interest-rate cut this year.
Traders are betting the Fed's next move will be to reduce rates, while the ECB will flag a June increase at a May 10 meeting. The yen were also supported by a report that China raised the amount of foreign currencies that lenders must keep as reserves.
Read more at Bloomberg Currencies News
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