Political Opinions, News Aggregation

SINGAPORE (MarketWatch) -- The U.S. dollar fell against the euro and the yen in Asia Monday, after a top U.S. Federal Reserve official said he would prefer to keep the central bank's asset-buying program active beyond its current cut-off date. In an interview with Dow Jones Newswires, Federal Reserve Bank of St. Louis President James Bullard said an extension of the program--which has been widely considered a negative factor for the dollar--would give policymakers more flexibility as they seek to shepherd the economy toward recovery. Such a comment "suggests that the Fed will continue to underwrite the rally in risk...

Original Article: Forum: News/Activism