Currency Alerts
11/4/2009 2:34 PM ET
(RTTNews) -
The US dollar edged up against major currencies following the announcement of Fed's interest rate decision in New York afternoon trading on Wednesday.
The Federal Open Market Committee, the policy-setting arm of the Federal Reserve, said it was leaving its target for the federal funds rate at a range from zero and a quarter percent.
The central bank also repeated its assessment that "exceptionally" low rates will continue for an "extended period." The vote for the rate decision was unanimous.
Going into the announcement, the Fed was expected to leave rates alone, though there had been some expectation that the central bank would start to pave the way for an eventual rate hike down the road.
The greenback is currently trading near 1.4836 against the euro, 1.6566 versus the pound, 1.0170 against the Swiss franc and 1.0631 against the loonie.
by RTT Staff Writer
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