NEW YORK, Nov 3 — The US dollar weakened in late trading on Wednesday as market participants digested the Federal Reserve's latest announcement on rates, reported Xinhua.
The dollar index, which measures the greenback against six major peers, fell 0.1 per cent to 111.3650.
In late New York trading, the euro was unchanged from the previous session at US$0.9888, and the British pound decreased to US$1.1476 from US$1.1479 in the previous session.
The US dollar bought 146.96 Japanese yen, lower than 148.18 Japanese yen of the previous session.
The US dollar decreased to 0.9983 Swiss francs from 0.9997 Swiss francs, and it rose to 1.3648 Canadian dollars from 1.3616 Canadian dollars. The US dollar increased to 11.0251 Swedish Kronor from 11.0160 Swedish Kronor.
The Fed on Wednesday approved a fourth straight 75-basis-point rate hike, as part of its aggressive campaign against persistent inflation.
The rate hike brings the central bank's policy rate to a new target range of 3.75 per cent to 4 per cent, the highest level since January 2008.
In Chicago, gold futures on the Comex division of the New York Mercantile Exchange rose on Wednesday as investors waited for the release of the Federal Open Market Committee (FOMC) announcement.
The most active gold contract for December delivery rose US$0.3, or 0.02 per cent, to close at US$1,650 per ounce.
Silver for December delivery fell 7.3 cents, or 0.37 per cent, to close at US$19.594 dollars per ounce. Platinum for January delivery rose US$0.4, or 0.04 per cent, to close at US$950.9 per ounce.
— Bernama
