While you were sleeping: US dollar rebounds

Thu, 19 Mar 2015

By Margreet Dietz March 20 (BusinessDesk) - Wall Street declined, while the US dollar regained its footing following Wednesday’s tumble, as investors reposition in the wake of the Federal Reserve’s latest comments on interest rates. On Wednesday Fed policy makers indicated that interest rates would probably rise more gradually when increases begin as they moderated their outlook for US economic growth, though also predicted a stronger US jobs market ahead. In afternoon trading on Wall Street, the Dow Jones Industrial Average fell 0.53...

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