Decline marks biggest one-day loss since February 2007.
Analyst says only worry in US job market is underperforming energy sector.
Rajan, known for his prediction of the 2008 financial crisis, has been against unconventional monetary policies of US Fed and ECB.
Bank will pay penalty of $342m over FX fixing and another $203m over Libor matter.
Loretta Mester and John Williams, Federal Reserve heads of Cleveland and San Francisco, hint at rate increase.
All 31 of America's banks passed the first round
Brent crude has to fall through $52.4 to confirm the reversal of the uptrend since last month.
Gold has to break $1255-$1270 region to delay hitting $1000.
Swiss y/y CPI rate falls to -0.3% in December from -0.1%, unemployment rate up to 10-month high.
Cleveland Fed President Loretta Mester said economy is on firm footing and central bank could increase rates in first half of 2015.
The index is biased northward and charts point to 95-97 levels next year
Fed statement aided risk rally and currencies of India, Indonesia and Malaysia.
Janus Capital portfolio manager says central banks in US, Europe and Japan creating more and more debt.
Gold and silver fall to four-year lows as US dollar rallies and a surprise easing move by BoJ bolsters flows to riskier assets.
Country's economic recovery would continue despite weak outlook for global economy, according to Fed.
US central bank scheduled to end its quantitative easing programme.
Market awaits cues from inflation data amid mixed economic signals and US dollar rally.
Global GDP growth for this year and the next will be slower than earlier forecasts as emerging market economies would slow more than expected.
Asian stock and currency market dragged down by Hong Kong protests.
After trading near its record high earlier in the month, the New Zealand dollar is on track to become the weakest performer among G10 currencies in July.
The US dollar rallied against most majors as Yellen said the overall view of the US economy is positive.
Global markets are now waiting for fresh interest rate cues from major central banks, making the upcoming week a significant one.