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Dollar Ticks Up Vs. Euro

The greenback was edging higher against the euro Wednesday, a day after its downward break to an all-time low in the wake of the Federal Reserve's rate cut.

Euros were changing hands for $1.3962, down from $1.397 late Tuesday. Dollars fell to 115.75 yen from 116.23 yen a day earlier. The pound was selling for $2.0134, up from $2.012 previously.

"The currency appears to be entering a period of consolidation before extending its losses further," writes the foreign exchange team at Brown Brothers Harriman, in a recent market brief.

The PowerShares DB G10 Currency Harvest (DBV), which follows currencies, was rising 0.3%.

The CurrencyShares Euro Trust (FXE) was losing 0.3%, and the CurrencyShares Yen Trust (FXY) was gaining slightly.

Elsewhere, the U.S. dollar was little changed against the Canadian and Australian dollars.

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SYM TRADE IT LAST %CHG
DBV $24.67 0.00%
FXE $106.82 0.00%
FXY $78.87 0.00%
AAPL $129.62 0.00%
FB $79.34 0.00%

Markets

DOW 18,041.54 -190.48 -1.04%
S&P 500 2,104.20 -21.86 -1.03%
NASDAQ 5,032.7510 -56.6110 -1.11%

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