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US Dollar Falls As Fed Leaves Interest Rates Unchanged

9/13/2012 12:34 PM ET

The US dollar dropped sharply against major currencies following the release of Federal Reserve's rate decision at 12:30 pm ET Thursday. The Federal Open Market Committee or FOMC , Fed's policy making arm, maintained its key interest rate unchanged at 0.0 percent- 0.25 percent.

As of now, the greenback is trading near 0.9378 against the Swiss franc, 77.21 versus the yen, 1.6150 against the British pound and 1.2945 versus the euro.

by RTT Staff Writer

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