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26/04/2012 22:44 AST
The euro pulled back from a
three-week high against the dollar hit earlier on Wednesday as
investors repositioned ahead of a policy statement from the U.S.
Federal Reserve.
Most traders expect the Federal Reserve to restate its
intention to keep rates near zero throughout 2014 and possibly
hint at more easing, especially after recent weaker jobs data.
Such comments could be positive for the single
currency.
However, traders expected any gains in the euro on the Fed
statement to be limited as the currency remained vulnerable to
budget problems and political uncertainty in several euro zone
countries.
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Reuters
US Dollar | 1.00 |
Saudi Riyal | 3.75 |
Derham Emirati | 3.67 |
Qatari Riyal | 3.65 |
Kuwaiti Dinar | 0.30 |
Bahraini Dinar | 0.38 |
Omani Riyal | 0.39 |
Euro | 0.81 |
British Pound | 0.71 |
Japanese Yen | 104.70 |
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