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| Thursday, Dec. 13, 2012 |
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Dollar flat against euro after Fed announcementBy The Associated Press NEW YORK (AP) — The dollar is little changed against the euro, a day after the Federal Reserve said it would keep interest rates super-low until the unemployment rate falls below 6.5 percent. The euro slipped to $1.3072 in afternoon trading from $1.3079 late Wednesday. The Fed's announcement on Wednesday was a shift from its previous policy, which was to keep interest rates low until at least the middle of 2015. The Fed also said Wednesday it will keep spending $85 billion a month on bond purchases to drive down long-term borrowing costs and stimulate economic growth. The British pound fell to $1.6103 from $1.6157. The dollar rose to 83.49 Japanese yen from 83.17 Japanese yen. The dollar fell to 0.9248 Swiss franc from 0.9258 Swiss franc. 2012-12-13 18:43:11 GMT |
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