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Dollar lower as Fed holds on policy

Published 02/02/2017, 03:00 AM
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Investing.com - The dollar eased Thursday as the Fed left its monetary policy on hold as expected.
The dollar index was off 0.23% at 99.46 at 02:30 ET after hitting mid-November lows.
The greenback fell 0.47% to ¥112.71 against the safe-haven yen.
The Fed statement released after the FOMC meeting adhered to the idea of a moderate tightening path.
“Measures of consumer and business sentiment have improved of late,” the FOMC said.
“Job gains remained solid and the unemployment rate stayed near its recent low,” it added.
Sterling was firm above $1.26 with the BoE expected later Thursday to stand pat on policy.
The euro was higher as it eyed the $1.08 level.

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