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Dollar falls to 14-year low vs yen, touching 86.51
Quick ReadDollar falls to 14-year low against yen after Fed signals US rates to remain low
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TOKYO (AP) — The dollar tumbled to 14-year low against the Japanese yen Thursday after indications U.S. interest rates will remain low and that the Federal Reserve isn't overly concerned about the dollar's slide.
The dollar sank to 86.51 yen in Tokyo trading, the lowest since July 1995.
Analysts said some investors were selling the dollar to buy gold, which surged to another record Thursday.
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