NEW YORK (AP) -- The dollar fell against the euro Tuesday ahead of key meetings of the Federal Reserve and European Central Bank. The meetings may shed light on how the central banks plan to help their slowing economies.
The Fed began its two-day policy meeting Tuesday. Traders are looking to see if the central bank will hint at any additional moves to boost the U.S. economy.
The ECB is holding its policy meeting on Thursday. The bank's president, Mario Draghi, said last week that the bank will do "whatever it takes" to save the euro. Traders will watch Draghi's press conference after the meeting to see if he offers any specific details of his plans.
The euro rose to $1.2304 late Tuesday from $1.2261 late Monday. The dollar fell to 78.12 Japanese yen from 78.15 yen and to 0.9760 Swiss franc from 0.9796 Swiss franc.
The dollar rose to 1.0030 Canadian dollar from 1.0019 Canadian dollar.