NEW YORK: The euro pushed higher against the dollar Wednesday on a poor report on US durable goods orders in March and disappointment that the Federal Reserve was not interested in more stimulus for the moment.
At 2100 GMT the euro was at $1.3215, up from $1.3192 late Tuesday.
The euro was higher before the close of the meeting of the Federal Reserve's policy board, but held its gains after the Fed kept policy unchanged while slightly boosting its growth forecast.
Stating "it's still a little too premature to declare victory," Fed Chairman Ben Bernanke gave a slightly more upbeat view of the economy after a two-day meeting.
That scotched hopes that the central bank would launch more stimulus spending.
Analysts said that a growing push for more growth-oriented policies in the eurozone was also helping the euro.
Kathy Lien of GFT pointed to a speech by European Central Bank president Mario Draghi on the economy and monetary policy.
"Although the head of the central bank said they never pre-commit to any policy action, his call for a 'growth compact' versus a 'fiscal compact' suggests that he has grown more concerned about the outlook for the region's economy," she said.
The euro moved higher against the yen, to 107.49 yen from 107.35 yen, while the dollar slipped to 81.33 yen from 81.36 yen.
The pound continued its push higher, rising to $1.6160 from $1.6145.
The dollar traded at 0.9089 Swiss francs, compared to 0.9106 francs Tuesday.
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