Dollar headed for worst month in five years after Yellen

The US currency fell after Yellen said the Fed would act "cautiously"

30th March, 2016
The dollar headed for its worst month in five years Pic: Getty

The dollar headed for its worst month in five years after Federal Reserve Chair Janet Yellen doused speculation the US 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...

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