The dollar fell to near two-week lows against major currencies on Wednesday as some traders pared back bets on a reduction in stimulus by the Federal Reserve next week.
The yen rebounded against the dollar, though remained close to a seven-week low struck earlier. The yen also hit a 3-1/2-month trough versus the euro and a four-year low against sterling as easing tensions over Syria dented demand for the safe-haven Japanese currency.
Traders said uncertainty about Syria and the Fed could keep major currencies in a range.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015