Summary Euro rose slightly against the dollar, a day after US central bank left interest rates untouched.
NEW YORK (AFP) - The euro rose slightly against the dollar on Thursday, a day after the US central bank left interest rates untouched but signaled cautious optimism.
At 2100 GMT, the euro stood at $1.1076, down from $1.1119 during the day s trading but slightly up from $1.1062 on Wednesday.
The dollar stabilized against the yen at 116.65 versus 116.49 late Wednesday. The Bank of Japan is due to wrap up a policy meeting on Friday as markets await word of economic stimulus plans.
Unlike the euro, the British pound was down against the dollar, buying $1.3166 versus $1.3224 on Wednesday.
"The euro is bouncing around now as you d expect in the immediate aftermath of a statement like this," said Omer Esiner of Commonwealth Foreign Exchange.
"I expect this will be, as the dust settles, marginally positive for the dollar," he said.
"It was a slightly improved statement from the last one we got and it should keep alive if not increase expectations for a fed rate hike by end of year."
