Dollar falls to 1 1/2-week low after Federal Reserve leaves interest rates unchanged

The U.S. dollar fell to its lowest level since mid-April after the Federal Reserve, as expected, left interest rates unchanged. The Federal Open Market Committee acknowledged a strong labor market, but emphasized a slowing of core inflation. The greenback, as measured by the ICE Dollar Index, a weighted basket that measures performance against six of its closest rivals, fell to an intraday low at 97.266, down 0.3%, its lowest level since April 22. The buck is on track to log its fourth successive losing session. The index is up 1.2% on the year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.