Dollar trims losses after Fed statement

The dollar trimmed losses against other currencies after the Federal Reserve said it did not make changes to the policy of low interest rates.

The Fed said the strengthening economy will give you more time to see if additional steps that need to be taken in the future.

Traders will be closely watching the press conference by the Chairman of the Federal Reserve Ben Bernanke later in the afternoon for instructions on how the US economy is usually and when policy changes can come.

The Euro rose to $ 1.3727 in afternoon trade Wednesday from $ 1.3715 late Tuesday, narrowing profit it made earlier in the day. The British pound fell to $ 1.5938 from $ 1.5962.

The US currency fell against the yen Japan 78.04 from 78.33 yen, franc Switzerland Switzerland franc 0.8850 from 0.8863 and against dollar Canada 1.0153 1.0168 dollars from Canada.

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