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.
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 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 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.
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.