Breaking News Bar
updated: 2/22/2013 10:02 AM

Dollar holds on to gains after Fed report

Success - Article sent! close

Associated Press

NEW YORK -- The dollar is holding on to most of its gains after the Federal Reserve signaled that it's considering slowing or ending its efforts to support the economy.

Some of the Fed's policymakers fear that the bank's bond-buying program could cause inflation. If the Fed curtails the program, it could lead to higher U.S. interest rates and a stronger dollar.

The dollar rose against the euro in morning trading in New York. It was also higher against most other currencies.

The British pound recovered from a 2-year low and the Japanese yen climbed.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.