NEW YORK (Reuters) – The U.S. dollar fell against the euro on Wednesday, after the Federal Reserve cut interest rates by a quarter of a percentage point and indicated it will steadily lower borrowing costs for the rest of this year.
The euro was 0.2% higher against the dollar at $1.1894, while the greenback extended losses against the yen to trade 0.5% lower at 145.78 yen.
(Reporting by Saqib Iqbal Ahmed; Editing by Chizu Nomiyama)
