Greenback falls ahead of Fed's meeting

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Source: Bloomberg
The U.S. Dollar fell to the lowest level in 4 months versus the Euro ahead of the Fed's two-day meeting on speculation it will launch asset-purchase programme to stimulate the nation's economy. The Dollar stayed lower against all of its major peers following a decrease yesterday after Moody's said it may cut the nation's Aaa rating. The greenback lost 0.2% to $1.2880 per 17-nation currency after touching a 4-month low of $1.2883. 
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Wed, 12 Sep 2012 06:49:48 GMT

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