The dollar weakened against the euro and the pound on Wednesday, after the Federal Reserve voted to hold off against raising interest rates at its September meeting. The euro [S: EURUSD] traded at $1.1184, compared with $1.1156 before the release of the Fed statement and 1.1152 late Tuesday. The pound [S: GBPUSD] traded at $1.3020, breaking above the $1.30, which had been described as a psychologically important level. Prior to the statement, it had changed hands at $1.2987, compared with $1.2986 late Tuesday. The dollar traded at �100.55, compared with �100.83 before the statement, and �101.62 late Tuesday. The yen was also impacted after the Bank of Japan introduced new measures designed to increase inflation.
Continue Reading Below
Copyright © 2016 MarketWatch, Inc.