The dollar fell against all of its 16 most-traded counterparts before the Federal Reserve starts a two-day meeting tomorrow amid speculation it will buy bonds to boost the economy.
The dollar slumped to a 15-year low against the yen after a private report showed U.S. companies unexpectedly cut jobs last month, fueling speculation the Federal Reserve will buy U.S. assets to spur a slowing economy.
The dollar gained against the euro after a report showed U.S. employers added jobs last month, adding to signs the world’s largest economy is strengthening and boosting Treasury yields.
"We look for another robust employment report."
- Daniel Katzive on Nov 28, 2014