Monetary Policy and Major Currencies

major currencies: A gauge of expectations for volatility reached an eight-month high as investors fretted about the prospects for global growth, U.S. monetary policy and the spread of Ebola. The yen rallied against most major currencies and rose to the strongest against the dollar in more than five weeks as investors sought a refuge. Turkey s lira was the biggest gainer among 31 major peers on optimism falling oil prices will help mitigate the countrys current-account deficit, according to Bloomberg. The Dollar Spot Index, which measures the currency against a basket of 10 major counterparts, fell 0.6 percent to 1,063.64 this week in New York . It reached 1,080.05 on Oct. 3, the highest level since June 2010 and The dollar weakened for a second consecutive week for the first time since June as traders pushed out expectations for U.S. interest-rate increases to the end of next year with global economic growth faltering. We ve gone through the immediate turmoil and now starting to focus back on what does this all really mean -- for us it means U.S. rates are lower and dollar is probably lower too, Robert Sinche, a global strategist at Amherst Pierpont Securities LLC in Stamford , Connecticut , said by phone. But there re so many things floating around now, I dont think we re going to get a quick rebound. (news.financializer.com). As reported in the news.