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US$ recovers against yen on Fed message

Friday, September 23, 2016 - 05:50

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The US dollar fell to its lowest in a week against the euro but recovered some ground against the yen on Thursday after the US Federal Reserve meeting balanced hints of a rise in interest rates this year with cuts in the longer-term outlook.

London

THE US dollar fell to its lowest in a week against the euro but recovered some ground against the yen on Thursday after the US Federal Reserve meeting balanced hints of a rise in interest rates this year with cuts in the longer-term outlook.

On balance, the Fed's message on

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