Investing.com – The U.S. dollar was down against most other major currencies on Wednesday, after key interest rate decisions by the U.S. Federal Reserve and the Bank of Japan sharpened investors' risk appetite.
The greenback was down against the euro and Swiss franc, with EUR/USD gaining 0.05% to hit 1.3773 and USD/CHF shedding 0.08% to hit 1.0538.
The U.S. dollar also slid against sterling, with GBP/USD advancing 0.32% to hit 1.5293 after the release of upbeat unemployment data in Britain.
In addition, the U.S. dollar fell against its Australian, Canadian and Kiwi counterparts: AUD/USD rose 0.26% to hit 0.921, USD/CAD slid 0.16% to hit 1.0125 and NZD/USD climbed 0.33% to reach 0.7123.
But the greenback was up against the yen, with USD/JPY gaining 0.42% to reach 90.69.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.02%.
After a 2-day meeting, Japan's central bank on Wednesday doubled the amount of cash it will make available to banks, while keeping interest rates at a record low.
The Fed, meanwhile, on Tuesday renewed its pledge to keep interest rates near zero for an "extended period," to foster the U.S. economic recovery and ease high unemployment.
Later Wednesday, the U.S. Labor Department was scheduled to release key inflation data with the publication of its monthly producer price index.
The greenback was down against the euro and Swiss franc, with EUR/USD gaining 0.05% to hit 1.3773 and USD/CHF shedding 0.08% to hit 1.0538.
The U.S. dollar also slid against sterling, with GBP/USD advancing 0.32% to hit 1.5293 after the release of upbeat unemployment data in Britain.
In addition, the U.S. dollar fell against its Australian, Canadian and Kiwi counterparts: AUD/USD rose 0.26% to hit 0.921, USD/CAD slid 0.16% to hit 1.0125 and NZD/USD climbed 0.33% to reach 0.7123.
But the greenback was up against the yen, with USD/JPY gaining 0.42% to reach 90.69.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.02%.
After a 2-day meeting, Japan's central bank on Wednesday doubled the amount of cash it will make available to banks, while keeping interest rates at a record low.
The Fed, meanwhile, on Tuesday renewed its pledge to keep interest rates near zero for an "extended period," to foster the U.S. economic recovery and ease high unemployment.
Later Wednesday, the U.S. Labor Department was scheduled to release key inflation data with the publication of its monthly producer price index.