US dollar rallies as Fed ends QE

The US dollar rose against other major currencies Wednesday as the Federal Reserve announced an end to its quantitative easing (QE) stimulus program, spurring market expectation that raising interest rates may be on Fed's agenda next year.

In late New York trading, the euro decreased to 1.2646 dollars from 1.2736 dollars in the previous session, while the dollar bought 108.79 Japanese yen, higher than 108.08 yen of the previous session.