Dollar Unfazed By Fed Decision

The dollar was little changed Tuesday as the Federal Reserve left interest rates alone as expected and the market held steady as it focused on possible rate easing by the German central bank.

“We are holding in a range today ahead of the Bundesbank meeting. It’s directionless right now,” said Lizbeth Goldberg, an assistant vice president at Bayerische Hypotheken-und Wechsel-Bank AG.

By late Tuesday in New York, the dollar was quoted at 96.85 Japanese yen, just down from 96.87 yen late Monday.

The dollar also was changing hands in New York at 1.4875 German marks, up from 1.4771 marks.

Exchange Currency in Dollars Dollar in foreign currency Canada .7374 1.3562 France .1967 5.0830 Germany .6723 1.4875 Great Britain 1.5330 .6523 Italy .000616 1623.60 Japan .010323 96.87 Mexico .160643 6.2250