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Dollar surges against euro as Fed keeps rates at historic low.
(From Agence France Presse)
The dollar surged higher against the euro in trading, reversing several days of euro gains, on renewed demand as the Federal Reserve kept US interest rates at a 45-year low.
The dollar was trading higher against the euro prior to the Fed announcement, that it was keeping short-term interest rates at a 1958 low of 1.0 percent, but it moved higher still in the wake of the news.
At 2100 GMT, the dollar was changing hands at 1.1283 per euro, against 1.1308 three hours earlier, and 1.1379 late Monday.
The dollar fell, however, against the Japanese currency, dropping to 118.74 yen from 119.08 Monday.
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