Yellen Sends Greenback to Worst Month Since 2011 as Yen Advances

March 30, 2016 5:22 AM

45 0

The dollar headed for its worst month in five years after Federal Reserve Chair Janet Yellen doused speculation the U.S. central bank would pick up the pace of interest-rate increases. The yen strengthened.

A gauge of the greenback approached the lowest since June after Yellen said the Fed would act “cautiously” as it looks to raise rates against a backdrop of deteriorating global economic growth. During the past two days, the index lost almost all of the gains made last week, when policy makers includ...

Read more

To category page