The dollar dropped against its rivals, falling to its lowest level against the euro in eight days, after the Federal Reserve’s monetary policy statement implied that the central bank will keep its benchmark rate lower for longer.After briefly rising above $1.10, the euro EURUSD, -0.85% finished the North American session at $1.0873, recording its largest one-session move against the buck since December 2008. The shared currency had traded at $1.0598 Tuesday.
In other currency action, the dollar CADUSD, -0.29% dropped to 1.2580 Canadian dollars, compared with $1.2766 late Tuesday. It USDJPY, +0.27% traded at 120.23 yen, compared with ¥121.34 Tuesday.
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