The dollar changed its losing trend after the Federal Reserve brought pessimism regarding the economic recovery in North America back to trading markets, attracting investors once again to the relative safety of the greenback.
Pessimism rose today in stocks and currencies markets as the Federal Reserve indicated that its mortgage purchase program will end later than previously expected, suggesting that credit related to the real estate slump is still affecting the U.S. economy negatively, raising attractiveness for safety in trading markets where the greenback and the yen benefited today from the current sentiment shift.
EUR/USD traded at 1.4717 as of 22:48 GMT from 1.4815 in the intraday comparison.
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