New York’s Metro-North Railroad is shut down along the Hudson River after a train derailment caused the first passenger fatalities in the line’s 30-year history, renewing scrutiny of safety on one of the city’s major mass- transit arteries.
The dollar advanced against all of its most-traded counterparts as stocks and longer-term Treasuries fell on speculation the Federal Reserve will buy less debt than some traders estimated under quantitative easing.
The dollar dropped against the majority of its most-traded counterparts as U.S. economic data showed a quickening recovery and European funding stress eased, damping demand for the safety of the U.S. currency.
The euro fell against most of its major counterparts after Spanish bond yields surged and Fitch Ratings said the nation won’t meet budget-deficit goals, adding to concern Europe’s debt crisis is worsening.
The euro strengthened to a two-week high against the dollar and the yen as Spain raised more than its maximum target at a debt sale, boosting optimism the region’s sovereign-debt crisis is being contained.
Canada’s dollar dropped against its U.S. counterpart by the most in six months as a drop in retail sales and a third tightening of mortgage terms increased bets the Bank of Canada may delay further rate increases.