Dollar Falls Before Fed Considers Added Stimulus

The dollar fell against all of its 16 most-traded counterparts before the Federal Reserve starts a two-day meeting tomorrow amid speculation it will buy bonds to boost the economy.

The U.S. currency declined to its lowest level in almost four months versus the euro after Moody’s Investors Service said the country’s Aaa rating may be cut if it doesn’t reduce its ratio of debt to gross domestic product. The 17-nation euro gained after Germany’s top constitutional court said it will proceed with a ruling on the country’s role in the European Stability Mechanism bailout fund.