INQUIRER.net: Dollar dips against euro as traders await Fed meeting

INQUIRER.net Philippine News for Filipinos

Dollar dips against euro as traders await Fed meeting Jul 26th 2013, 23:43 NEW YORK CITY—The dollar weakened slightly against the euro Friday as traders awaited next week's Federal Reserve meeting hoping for clearer guidance on stimulus policy.   The euro bought $1.3278 around 2100 GMT, up a touch from $1.3275 at the same time Thursday.   The dollar fell more strongly against the Japanese currency, to 98.20 yen from 99.20 yen Thursday.   The euro fell to 130.48 yen from 131.71 yen.   "The dollar is weaker after recent data misses have led to speculation that the Fed may after all hold off from tapering QE in September," said Fawad Razaqzada of GFT.   The Fed's Federal Open Market Committee wraps up a ... Keep on reading: Dollar dips against euro as traders await Fed meeting Media files: dollar.jpg (image/jpeg)

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