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Dollar near 3-week low against euro on Fed meeting anticipation

Publish Date17/09/2013 3:13:56 AM

Last Update17/09/2013 6:52:26 AM

The U.S. dollar traded near its lowest level in three weeks versus the euro in early trades on Tuesday, as investors look forward for the decision following the Federal Reserve`s two-day meeting on new monetary policy.

The EUR/USD pair fell for the third straight session this week, recording a low of 1.33244 after hitting its high at 1.33351, while the pair started today’s session at 1.33345.

Meanwhile, the Japanese yen fell versus the dollar amid the absence of heavy weighted economic data in Japan, noting that the Japanese economy is expected to release its trade balance data this week and it may cause changes in yen appreciation.

The USD/JPY pair inclined to record a high of 99.351 from a low of 99.067, while the pair started today’s session at 99.087. The EUR/JPY pair also inclined to a record to a high of 132.412, and a low of 132.333.

The Aussie and the Kiwi extended their series of losses versus the greenback, as the AUD/USD pair recorded a low of 0.92840 from a high of 0.93339 and the NZD/USD pair hit a low of 0.81603 from a high of 0.81892.

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