Tue, 27 Oct 2020

NEW YORK, Sept. 16 (Xinhua) -- The U.S. dollar rose in late trading on Wednesday as market participants digested the Federal Reserve's latest decision on monetary policy.

The dollar index, which measures the greenback against six major peers, was up 0.16 percent at 93.1951.

In late New York trading, the euro was down to 1.1802 U.S. dollars from 1.1853 dollars in the previous session, and the British pound increased to 1.2954 dollars from 1.2897 U.S. dollars in the previous session. The Australian dollar decreased to 0.7298 U.S. dollar from 0.7308 dollar.

The U.S. dollar bought 105.00 Japanese yen, lower than 105.45 Japanese yen of the previous session. The U.S. dollar rose to 0.9100 Swiss franc from 0.9079 Swiss franc, and it was down to 1.3168 Canadian dollars from 1.3180 Canadian dollars.

The U.S. central bank on Wednesday kept its benchmark interest rate unchanged at the record-low level of near zero and promised to maintain this target range until labor market conditions have improved to reach maximum employment and inflation has picked up to its desirable level.

The Fed slashed interest rates to near zero earlier this year in an effort to support the economy amid the pandemic shock.

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