The dollar touched a one-year low against the euro and weakened against the yen on speculation that Federal Reserve policy makers will decide on Wednesday to keep interest rates low, reports Bloomberg. The yen rose towards a seven-month high versus the dollar on prospects that G20 leaders, meeting in Pittsburgh from Thursday, will call for a reduction in global trade imbalances that may further boost the dollar’s counterparts.

This entry was posted by Gwen Robinson on Wednesday, September 23rd, 2009 at 4:58 and is filed under Capital markets. Edit this entry.