Investors interpreted her outlook as decidedly dovish, sending stocks higher while bond yields TMUBMUSD10Y, -0.72% briefly touched one-month lows and the dollar headed south.
The ICE U.S. Dollar index DXY, +0.19% a measure of the dollar’s strength against a basket of six rival currencies, slipped 0.3% to 94.8370.
The dollar USDJPY, -0.06% traded at ¥112.47 late Wednesday in New York, compared with ¥112.72 late Tuesday in New York. It was little-changed after ADP reported that the U.S. economy created 200,000 new private-sector jobs in March. The euro EURUSD, -0.2381% traded at $1.1330 late Wednesday, compared with $1.1287 Tuesday.
Strong gains were seen in the antipodean currencies, with the Australian dollar AUDUSD, -0.3651% rising 0.5% to 76.70 cents late Wednesday in New York, compared with 76.15 cents late Tuesday. The New Zealand dollar NZDUSD, -0.4045% was up 1.2% to 69.33 cents late Wednesday, compared with 68.54 cents Tuesday.
The Russian ruble USDRUB, +0.9528% and Malaysian ringgit USDMYR, +0.2655% were among the best performing emerging-market currencies, with the dollar down 0.9% to 3.9181 ringgit and 0.7% to 67.9996 rubles late Wednesday. By comparison, it traded at 3.9641 ringgit and 68.1745 rubles on Tuesday.
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