Odds of Fed rate increase this year remain below 50%.
BLOOMBERG.COM

The fallout from yesterday’s Federal Reserve statement continued to reverberate through global markets, with the dollar extending declines, emerging-nation currencies getting a boost and gold rallying on optimism the central bank will take a cautious approach to raising interest rates. The dollar extended losses, weakening against all but three of its 16 major peers, as bets on a rate increase in 2016 remained below 50 percent. South Korea’s won climbed to the highest since October and gold gained for a third day. Facebook Inc. rallied after reporting a 59 percent jump in sales. Banks led declines in the Stoxx Europe 600 Index after Lloyds Banking Group Plc said it planned to cut 3,000 more jobs and warned Britain’s vote to leave the European Union may hurt earnings and dividends.

Read more>