Tuesday, July 12, 2016

The dollar fell against most currencies Tuesday

The dollar fell against most currencies Tuesday, as the prospect of fresh stimulus from the world's largest central banks pushed investors into emerging markets and other higher yielding assets.
The Wall Street Journal Dollar Index, which measures the dollar against a basket of 16 currencies, was recently down 0.1% to 87.05, amid losses against the pound and emerging market currencies.
Investors expect the Bank of England, Bank of Japan and European Central Bank to announce new stimulus measures in the next few months, as they try to kick-start growth and shield their economies from the fallout of a U.K. departure from the European Union.