It touched $1.4902, the weakest level since Oct. 27. The U.S dollar suffered a broad-based decline, trading lower against every major foreign denomination except the Japanese yen. The Dollar advanced 0.8% to 91.03 yen, from 90.33.

As expected, the Fed kept its target for its federal funds rate set at a range of zero to 0.25%. The central bank said it would buy $175 billion of agency debt, down from prior plans to purchase $200 billion, as there was a limited availability of the securities.

The Dollar was not forecast to gain any serious ground to the EUR for many more months or at least until the U.S. Federal Reserve decides the time is right to raise rates. A decision and statement later Wednesday from the Fed should confirm that will not come for some time.

source:  forexyard.com