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Dollar flat against euro after Fed announcement

Source : AP
Last Updated: Thu, Dec 13, 2012 22:30 hrs

The dollar was little changed against the euro Thursday, a day after the Federal Reserve said it would keep interest rates super-low until the unemployment rate falls below 6.5 percent.

The euro slipped to $1.3075 in late trading Thursday from $1.3079 late Wednesday.

The Fed's announcement on Wednesday was a shift from its previous policy, which was to keep interest rates low until at least the middle of 2015.

The Fed also said Wednesday it will keep spending $85 billion a month on bond purchases to drive down long-term borrowing costs and stimulate economic growth.

The British pound fell to $1.6110 from $1.6157. The dollar rose to 83.58 Japanese yen from 83.17 Japanese yen and to 98.54 Canadian cents from 98.39 Canadian cents.

The dollar fell to 0.9238 Swiss franc from 0.9258 Swiss franc.



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