Euro Beats Dollar ahead of Fed Meeting
Euro Beats Dollar ahead of Fed Meeting (Reuters)
Ahead of next week’s meeting of the U.S. Federal Reserve, investors grew concerned about the status of the Fed’s stimulus program, as well as a possible announcement of Chairman Ben Bernanke’s successor. This led both the euro and yen to gain ground on the dollar. “The market is definitely less concerned about tapering. The tapering is not being viewed as negatively as it was in the recent past,” said Alvise Marino, currency strategist at Credit Suisse in New York.