Currencies News

Dollar Slumps as Fed Patience Sees U.S. Rate-Hike Bets Subside

10:14 pm ET

The dollar plunged against the yen after the Federal Reserve reiterated a gradual approach to tightening and traders awaited Friday’s Bank of Japan monetary policy decision.

Emerging Currencies Rise Most in Two Weeks in Fed Relief Rally

9:55 pm ET

Emerging-market currencies rose the most in two weeks after the Federal Reserve left interest rates on hold and signaled it’s in no rush to raise them, ensuring that funds will keep flowing to higher-yielding assets.

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