The U.S. dollar edged up on Wednesday on doubts the Federal Reserve will aggressively buy assets to pump more money into the system, while commodity stocks led Asian stocks lower.
Most currency dealers expect the Fed to opt for more quantitative easing at a policy meeting next week-- essentially printing money to buy assets and pull market rates lower -- but some believe the weakening dollar already reflects those expectations, and the question of how much easing, and how fast, has kept investors edgy.
The Wall Street Journal said on Wednesday the Federal Reserve would probably unveil a program of U.S. Treasury bond purchases worth "a few hundred billion dollars," but gave no source for the report.
The euro was down 0.23 percent on the day at $1.3826 after touching $1.3858 overnight, while the dollar was up 0.2 percent at 81.58 yen. The dollar index, a measure of its performance against a basket of currencies, was up 0.07 percent.
The U.S. dollar edged up on Wednesday on doubts the Federal Reserve will aggressively buy assets to pump more money into the system, while commodity stocks led Asian stocks lower.
Most currency dealers expect the Fed to opt for more quantitative easing at a policy meeting next week-- essentially printing money to buy assets and pull market rates lower -- but some believe the weakening dollar already reflects those expectations, and the question of how much easing, and how fast, has kept investors edgy.
The Wall Street Journal said on Wednesday the Federal Reserve would probably unveil a program of U.S. Treasury bond purchases worth "a few hundred billion dollars," but gave no source for the report.
The euro was down 0.23 percent on the day at $1.3826 after touching $1.3858 overnight, while the dollar was up 0.2 percent at 81.58 yen. The dollar index, a measure of its performance against a basket of currencies, was up 0.07 percent.
