Dollar holds on to gains after Fed report

Published on NewsOK Modified: February 21, 2013 at 10:08 am •  Published: February 21, 2013
Advertisement
;

NEW YORK (AP) — 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 2½-year low and the Japanese yen climbed.


Trending Now


AROUND THE WEB

  1. 1
    CDC: U.S. has first confirmed case of Ebola in Dallas
  2. 2
    Netflix to shake up movies with 'Crouching Tiger 2'
  3. 3
    Donald Trump Tricked Into Retweeting Serial Killer Pic
  4. 4
    'Transparent' on Amazon Prime, reviewed: It’s the fall’s best new show.
  5. 5
    Brits Unwittingly Give Up Firstborns for Free WiFi
+ show more