Euro remains solid at $1.34 as dollar continues to suffer in the wake of Fed statement
By APThursday, September 23, 2010
Euro remains solid at $1.34
BERLIN — The euro remained well-supported against the dollar, a day after surging to near five-month highs following a hint from the Federal Reserve that it may provide more assistance to the flagging U.S. economy
The 16-country euro was trading at $1.34 early Thursday, modestly up from its closing price of $1.3390 the previous night. On Wednesday, it went as high as $1.3440, its highest point since April 27.
The dollar slipped against the British pound, to $1.5641 from $1.5669 in late New York trading but advanced against the Japanese currency to 84.65 yen, from 84.54 yen.
Traders remain on the lookout for another intervention from the Japanese monetary authorities as Wednesday’s dollar decline undid much of the impact of last week’s foray into the markets.
