Friday 26 June 2009

FOREX-Dollar extends gains after Fed statement

(Updates with FOMC)

NEW YORK, June 24 (Reuters) - The U.S. dollar extended gains against the euro and the yen on Wednesday after the Federal Reserve's Federal Open Market Committee left interest rates unchanged as expected but removed the warning that inflation could be undesirably low.

The Fed also repeated they will evaluate the timing and size of purchases of securities in light of the evolving outlook. For details, see [ID:nN24478373].

The euro EUR= last traded at $1.3963, down 0.8 percent on the day, compared with $1.3995 before the statement, according to Reuters data. The dollar was at 95.66 yen JPY=EBS on electronic trading platform EBS, up 0.5 percent on the day, compared with 95.35 yen before the Fed announcement. (Reporting by Nick Olivari; Editing by Leslie Adler1)

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