The dollar rose against the euro and the yen on Wednesday ( Thursday morning GMT ) , after the U.S. Federal Reserve ( Fed ) announced a plan to reduce the bond purchases from January next year .
At 2200 GMT ( 5:00 pm Thursday ) , the euro bought 1.3680 dollars, down from 1.3765 dollars on Tuesday ( 17/12 ) .
The dollar firmed to 104.20 yen from 102.63 yen and the euro rose to 142.56 yen from 141.28 yen, as reported by AFP news agency .
The Fed said it will cut its bond purchase program from 85 billion dollars to 75 billion U.S. dollars from January 2014 due to the conditions " consistent with the underlying strength of the growth of the wider economy . "
But the move was accompanied by a reduction in the asset purchase decision to extend the period of the possibility of ultra-low interest rates .
Omer Esiner , chief market analyst at Commonwealth Foreign Exchange , said " overall Fed statement carefully ... most have limited kemampuangreenback to rally . "
But the fact that the U.S. central bank has started the process towards " normalization of monetary policy would be positive for the dollar , " said Esiner .
Nick Bennenbroek , head of currency strategy at Wells Fargo Securities , said the market reaction was slightly weaker currency by the Fed's pledge to keep interest rates very low for longer .
" Nonetheless , we think today's announcement highlights the growing disparity between U.S. monetary policy and the outlook for some other major central banks and , as a result , we believe it is consistent with the strengthening of the U.S. dollar , " said Bennenbroek .
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