US dollar falls against major currencies

New York, April 29 (IANS) The US dollar fell against other major currencies as investors were surprised by the Bank of Japan’s (BOJ) decision to maintain its monetary policy.

In late New York trading on Thursday, the euro rose to $1.1350 from $1.1321 in the previous session and the British pound climbed to $1.4610 from $1.4553 in the previous session, Xinhua news agency reported.

The Australian dollar increased to $0.7638 from $0. 7597.

The US dollar bought 108.10 Japanese yen, lower than 111.52 yen of the previous session. The US dollar fell to 0.9667 Swiss franc from 0.9715 Swiss franc, and it lost to 1.2518 Canadian dollars from 1.2606 Canadian dollars.

The BOJ on Thursday decided to keep its current monetary policy despite market expectations of additional easing, while again putting off the target date of achieving its 2 percent inflation goal.

The US dollar plunged about 3 percent against Japanese yen following the news.

The dollar index, which measures the greenback against six major peers, was down 0.67 percent at 93.759 in late trading.

–IANS

pgh/

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