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Fed Outlook has U.S. Dollar trading near Two-Week Low

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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.

CNBC

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Guest Monday, 28 July 2014