Dollar Falls as Federal Reserve Meets

NEW YORK (AP) -- The dollar is falling against most major currencies ahead of a decision by the Federal Reserve on interest rates.

No policy change is expected, but investors will be closely watching Fed Chairman Ben Bernanke's press conference Wednesday afternoon for clues about how the U.S. economy is doing.

The euro rose to $1.2954 in afternoon trading from $1.2875 late Tuesday. The British pound rose to $1.5127 from $1.5105.

Traders are waiting to see how Cyprus will stave off bankruptcy, after the country's government rejected a plan to contribute to its bailout package by seizing money from people's bank accounts.

The dollar fell to 0.9442 Swiss franc from 0.9478 Swiss franc.

The dollar rose to 95.54 Japanese yen from 95.09 Japanese yen.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2323340, ~/Articles/ArticleHandler.aspx, 10/25/2014 6:56:56 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement