US dollar, yen weaken

The US dollar was weaker against both the euro and sterling again on Wednesday as investors waited to see what the Federal Reserve would do about interest rates.

In mid-afternoon trade in New York, the dollar stood at $1.4459 in relation to the Euro, while it was at $2.0782 against sterling, at $1.0515 versus the Canadian dollar and at $0.9257 against the Australian dollar.

Meanwhile, the yen also weakened after the Bank of Japan decided to hold interest rates there at their current 0.5 percent.

At last report, the yen was trading at ¥115.2350 versus the US dollar, at ¥166.6240 in relation to the euro, and at ¥239.4812 against sterling.

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