Dollar erases losses vs euro, gains vs yen after Fed

Reuters

NEW YORK, Oct 30 (Reuters) - The U.S. dollar erased itslosses against the euro and rose against the yen on Wednesdayafter the Federal Reserve said it will keep buying $85 billionin bonds per month to support the economy, a decision that waswidely expected.

The euro fell to a session low of $1.3726, accordingto Reuters data, compared with $1.3774 before the Fed statement. It was last trading at $1.3740, down slightlyon the day.

The dollar rose to 98.49 yen after the Fed, and waslast at changing hands at 98.38 yen, up 0.2 percent on the day.Before the announcement, the dollar was trading around 98.13yen.

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