<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ World FX rates ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Karen Brettell; Additional reporting by Joice Alves in London; Editing by Jonathan Oatis and Diane Craft)
(Recasts with Fed rate decision; adds quotes, updates prices)
NEW YORK, Feb 1 (Reuters) - The dollar pared losses on
Wednesday after the Federal Reserve hiked rates by 25 basis
points, as was widely expected, and promised "ongoing increases"
in borrowing costs as part of its still unresolved battle
against inflation.
The Fed said the U.S. economy was enjoying "modest growth"
and "robust" job gains, with policymakers still "highly
attentive to inflation risks."
The dollar was last down 0.17% on the day against a basket
of currencies at 101.90, after earlier falling to 101.64.
The euro was last at $1.09090 against the greenback,
up 0.45% on the day, and the dollar was down 0.38% on the day
against the Japanese yen at 129.63.
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