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FOREX-Euro falls to lowest since May after Fed statement

Published 02/18/2010, 04:46 PM
Updated 02/18/2010, 04:54 PM

NEW YORK, Feb 18 (Reuters) - The euro fell to its lowest against the dollar since May 18 on Thursday in New York after the Federal Reserve said it was raising the interest rate it charges banks for emergency loans, citing improvement in financial market conditions.

As the Feb. 19 global trading session opened the euro was last at $1.3547, down 0.4 percent from the close which coincided with the Fed's announcement. The euro had traded as low as 1.3504, according to Reuters data after the announcement. (Reporting by Nick Olivari; Editing by James Dalgleish)

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