China Financial Daily

The dollar fell in New York stock market
Xinhua in New York, on April 29th that as a result of the Federal Reserve has slowed economic contraction, combined with newly released data showing U.S. consumer spending rebounded, in New York on 29th enhanced risk appetite, and exchange rate of U.S. dollar against most major currencies down. During the just-concluded U.S. Federal Reserve monetary policy meeting decided to maintain the federal funds rate of zero to 0.25% of the history of the lowest level and unchanged, in line with analysts expectations. After the meeting the Fed statement said that the U.S. economy continued to shrink, but slowed down atrophy; consumer spending was still tight but there were signs of stabilization.

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