Aided by a fall in the price of oil, which is trading near $119 a barrel, the U.S. Dollar reached a 6-week high versus the Euro, while investors wait for an announcement on the direction of interest rates, expected to be released by the Federal Reserve some time today. It is anticipated that the Federal Reserve will maintain the 2% interest rate, as the sluggish economy is tempering the need to adjust interest rates upward in an effort to tackle inflationary pressure.
