Dollar falls as Fed's Williams' remarks stoke rate-cut bets
FILE PHOTO: A packet of U.S. five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron//File Photo
NEW YORK (Reuters) - The dollar extended its losses against the euro, yen and other major currencies on Thursday as remarks from New York Federal Reserve President John Williams increased bets the central bank would lower interest rates at month-end.
At 2:52 p.m. EDT (1852 GMT), the euro was up 0.32% at $1.1262, while the greenback was down 0.37% at 107.545 yen.
(Reporting by Richard Leong; Editing by Chris Reese)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Deutsche Bank calls Treasury buyback doubling similar to ’operation twist’
- Why this strategist thinks longer-term outlook for stocks is "unfavorable"
- BofA sees dollar weakness continuing with New Zealand dollar gains
Create E-mail Alert Related Categories
ETFs, Forex, General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share