U.S. dollar tumbles as Fed meeting begins

The U.S. dollar dropped against other major currencies on Tuesday as the Federal Reserve kicked off its two-day policy meeting.

In late New York trading, the euro rose to 1.0801 dollars from 1.0693 dollars in the previous session, while the dollar bought 112.76 Japanese yen, lower than 113.69 yen of the previous session. Endit