U.S. dollar extends losses vs euro, yen after Fed
NEW YORK Aug 9 (Reuters) - The U.S. dollar extended losses against the euro and yen on Tuesday after the Federal Reserve said it will keep interest rates low for at least two years. [ID:nN1E7780FW]
The dollar fell to a session low of 76.81 yen, according to the EBS trading platform JPY=EBS. It last traded at 76.92, down 1 percent on the day. It traded at 77.08 prior to the central bank's statement.
Against the euro EUR=EBS, the dollar fell to $1.4290 compared with $1.4248 prior to the statement. It last traded at $1.4242, down 0,5 percent on the day.
Interest rate differentials are a key driver of currencies.