Forex Market Update : Epic Research Singapore

The dollar fell Wednesday after Federal Reserve Chairwoman Janet Yellen refused to give investors clarity on when the central bank could begin to raise rates, saying there is no “mechanical formula.”

The dollar USDJPY -0.02%   fell to ¥101.92 from ¥102.15 late Tuesday. In the minutes after the decision, the dollar swung between slight gains and losses against the yen.

The ICE dollar index DXY -0.03%  , which pits the greenback against six other currencies, fell to 80.380 from 80.607 late Tuesday. The euro EURUSD -0.04%   rose to $1.3594 from $1.3546.

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