EghtesadOnline: The dollar extended its losses in Asian trading on Thursday, breaking through the previous session's one-month low against the yen hit after President-elect Donald Trump's news conference failed to offer details on his plans to boost fiscal spending and cut taxes.

EghtesadOnline: The U.S. economy needs higher interest rates although the Federal Reserve will closely scrutinize the expected changes in America's fiscal, trade and immigration policies, Cleveland Fed President Loretta Mester said on Wednesday.

EghtesadOnline: U.S. Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about U.S. fiscal policy under the Trump administration, but the Fed would be strict in meeting targets of creating full employment and getting inflation to 2 percent.