The Japanese Yen bounced back after the BOJ policy meeting revealed no surprise policy easing for the single currency.
The Euro continues to be hampered by doubts that the debt crisis is over. As a result, the currency's outlook remains unstable seeing that the Euro Zone economy is slowly slipping into recession
Greenback gain holds - investors await news from Fed
A brighter US economic outlook has helped the Dollar.Earlier today, the greenback was testing a seven-week high against a basket of currencies. It was assisted by expectations that encouraging economic news would persuade the U.S. Federal Reserve, at least for the moment, not to apply any fresh stimulus.
The Dollar's overall strength was in contrast to the Euro's weakening, which saw it touch a one-month low on Monday. The common currency is still feeling the effects of fears that the European debt crisis could worsen again, even after Greece's success in concluding an historic debt-cutting swap deal.
Many market players remain uncertain about whether other southern European countries, like Portugal and Spain, can escape a similar fate.
The Euro stood at $1.3157 earlier today, having recovered from hitting a one-month low of $1.3079 on Monday.
The Euro continues to be hampered by doubts that the debt crisis is over. As a result, the currency's outlook remains unstable seeing that the Euro Zone economy is slowly slipping into recession
Greenback gain holds - investors await news from Fed
A brighter US economic outlook has helped the Dollar.Earlier today, the greenback was testing a seven-week high against a basket of currencies. It was assisted by expectations that encouraging economic news would persuade the U.S. Federal Reserve, at least for the moment, not to apply any fresh stimulus.
The Dollar's overall strength was in contrast to the Euro's weakening, which saw it touch a one-month low on Monday. The common currency is still feeling the effects of fears that the European debt crisis could worsen again, even after Greece's success in concluding an historic debt-cutting swap deal.
Many market players remain uncertain about whether other southern European countries, like Portugal and Spain, can escape a similar fate.
The Euro stood at $1.3157 earlier today, having recovered from hitting a one-month low of $1.3079 on Monday.
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