Euro turns positive vs dollar ahead of Fed decision
NEW YORK, July 31
NEW YORK, July 31 (Reuters) - The euro recouped losses against the dollar on Wednesday, turning positive in late morning trading, as investors lightened positions ahead of the Federal Reserve's statement this afternoon.
It is still uncertain whether the Fed will mention again a timeframe for reducing in its bond-buying program, although many believe the U.S. central bank will stay the course for now despite Wednesday's solid U.S. economic data.
The euro was last slightly higher on the day at $1.3263 , rising from session lows of $1.3213 hit during the release of U.S. gross domestic product data.
- Special Report: Thailand secretly supplies Myanmar refugees to trafficking rings |
- NSA gathers data on cellphone locations globally: report
- The 10 Most Corrupt and Least Corrupt Countries in the World
- Dementia epidemic looms with 135 million sufferers seen by 2050
- China's airspace zone has caused apprehension: Biden |