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CURRENCIES

US$ eases as rate hike may not be imminent

Thursday, February 26, 2015 - 05:50
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The US dollar fell against a basket of currencies on Wednesday after Federal Reserve chair Janet Yellen suggested the central bank would not rush into raising US interest rates.

London

THE US dollar fell against a basket of currencies on Wednesday after Federal Reserve chair Janet Yellen suggested the central bank would not rush into raising US interest rates.

The drop in the dollar mirrored a pullback in US front-end yields from recent highs, as Ms Yellen