The US Dollar fell against the Euro on Wednesday compounding recent losses after the Federal Reserve left benchmark US interest rates unchanged stating that it looks to extend its bond-buying economic stimulus program.
The Fed's plan includes a commitment to purchase $45 billion monthly in long-term US Treasuries together with buying $40 billion a month in agency mortgage- backed securities.
While the Dollar fell against the Euro it managed to maintain its assault on the Japanese yen with most investors backing the BOJ to implement aggressive monetary easing of it's own after elections due to take place on Sunday.
The Fed's plan includes a commitment to purchase $45 billion monthly in long-term US Treasuries together with buying $40 billion a month in agency mortgage- backed securities.
While the Dollar fell against the Euro it managed to maintain its assault on the Japanese yen with most investors backing the BOJ to implement aggressive monetary easing of it's own after elections due to take place on Sunday.
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