Dollar Holds Drop Versus Euro on Fed; Swiss Franc Weakens

Posted by Forexsq 1078 days ago (
img The dollar held a decline against the euro amid speculation the Federal Reserve will expand monetary stimulus at a two-day meeting starting today.

The 17-nation euro snapped a three-day drop against the yen even as the prospect of a comeback by former premier Silvio Berlusconi sent Italy’s bonds lower. The Australian dollar reached a five-week low against its New Zealand counterpart after business confidence dropped to the least since 2009. The Swiss franc weakened at least 0.2 percent against all of its 16 major peers as UBS AG followed Credit Suisse Group AG in saying it will charge bank clients for deposits made in the currency. forex

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