03-02-2016 17:10 via news.yahoo.com

Dollar tumbles as Dudley comments, U.S. data suggest dovish Fed

By Sam Forgione NEW YORK (Reuters) - The dollar hit its lowest level against the euro since last October and wiped out recent gains against the Japanese yen on Wednesday amid growing skepticism that the Federal Reserve would be able to hike U.S. interest rates again this year. Analysts said comments from New York Fed President William Dudley, who told MNSI that financial conditions have tightened considerably in the weeks since the U.S. central bank raised interest rates and monetary policymaker
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