Dollar flat against euro after Fed announcement
Dollar flat against euro a day after Fed says it will keep rates low unemployment rate falls
NEW YORK (AP) -- The dollar is little changed against the euro, 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 $1.3072 in afternoon trading 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 $1.6103 from $1.6157. The dollar rose to 83.49 Japanese yen from 83.17 Japanese yen.
The dollar fell to 0.9248 Swiss franc from 0.9258 Swiss franc.
