Dollar weakens against!!

Dollar weakens against the euro and yen on Tuesday after the Federal Reserve to maintain interest rates unchanged and repeated the U.S. pledge to maintain the level of "very low" for a "period."
A different voice by the Kansas City Fed President Thomas Hoenig added to the decline in dollar sentiment as there is no other policy makers to join him on an object to continue the lawsuit on the expression of the needs of ultra-low prices for long durations.
The Fed has been targeting banks for overnight lending rate between zero and 0.25 percent since December 2008. Interest rates close to zero reduces the attractiveness of U.S. dollar against higher-yielding currencies.
Fed Statement added to the bearish stance on the dollar market, however the greenback still up nearly 1 percent against the euro this month and approximately 4 percent higher this year.

After the release of the Fed policy statement, implicitly prospect that the U.S. central bank will raise interest rates at the meeting of November federal slipped to 76 percent, based on trading in November futures contract on the Chicago Board of Trade. Prospects of rising interest rates by a meeting in November is around 87 percent before the end of the meeting setting Federal Open Market Committee policy.