Dollar Gains Versus Euro as Fed Stimulus Unchanged; Kiwi Climbs
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The dollar gained versus the euro as the Federal Reserve maintained asset-purchase programs without suggesting it’s closer to boosting stimulus, reducing concern additional measures will debase the currency.
The shared currency fell against most major counterparts as a gauge of German business confidence sank to its lowest since February 2010. The euro’s losses were limited amid speculation Greece will get its next installment of aid. New Zealand’s dollar rose against all its most-traded peers after the central bank kept interest rates unchanged. The Fed is buying $40 billion of debt a month in a third round of quantitative easing.