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The US dollar rose against other major currencies Wednesday as the Federal Reserve announced an end to its quantitative easing (QE) stimulus program, spurring market expectation that raising interest rates may be on Fed's agenda next year.
In late New York trading, the euro decreased to 1.2646 dollars from 1.2736 dollars in the previous session, while the dollar bought 108.79 Japanese yen, higher than 108.08 yen of the previous session.
Fed announces end of QE stimulus, keeps rates low
2014-10-30Fed announces further cut in monthly bond purchases
2014-07-31Fed plans to end asset purchases in October
2014-07-10Fed continues to taper following cut in growth forecast
2014-06-19Inflation key to Fed rate hike
2014-06-03Fed mulls over details on raising interest rates
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