The Traderszone Network

Published in TZ Latest News 6 April, 2015 by The TZ Newswire Staff

Dollar in Longest Losing Streak in 9 Months on U.S. Rates View

The dollar fell a fourth day, the longest streak in nine months, as traders speculated the Federal Reserve will hold borrowing costs lower for longer amid signs of weakness in the jobs market. The greenback declined versus most of its major counterparts as a gauge of labor-market conditions slid and Fed Bank of New York President William C. Dudley said the pace of interest-rate increases is likely to be “shallow” once the central bank starts tightening.

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