Dollar Weakens Amid Debate on Fed Rate Increase Timing

6
Oct

Todays news comes from Bloomberg regarding the US Dollar.

The dollar weakened, pushing a gauge of its strength down from a four-year high, amid debate as to how soon the Federal Reserve will raise interest rates after a report last week showed jobs gains beat economists’ forecasts.

The greenback depreciated versus the majority of higher-yielding currencies, falling the most against the South African rand and Mexican peso. The yen strengthened from near its weakest since 2008 ahead of the Bank of Japan’s policy decision tomorrow. The euro advanced against the U.S. currency, three days after touching a two-year low, even as German data showed factory orders declined the most since 2009 in August.

To read full article please click on the link below.

http://www.bloomberg.com/news/2014-10-06/dollar-holds-7-week-gain-on-u-s-jobs-data-kiwi-declines.html


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