The reaction to the Federal Reserve post meeting statement was somewhat limited, as the US central bank showed optimism towards an economy that is fast recovering.

The Federal Reserve also left the interest rate near zero and reinstated that the rate was going to be low for some more time. It said that it would let the special liquidity measures expire by the end of next year. The dollar has risen on year-end position that has added to gains for the month that were aggravated by slowing job losses in the US and improving consumer confidence in their economy.

The euro has come down to about 4 percent against the dollar during this month and is on track for its biggest one-month fall since January, hit a three-month low of $1.4356 further down more than 1 percent.

In this pre holiday liquidity, the euro has come down to the lowest level against the dollar since September. It picked up a pace at $1.45 affecting stop-loss sell orders taken below $1.44.

This is making euro zone countries much concerned about fiscal troubles as that in Greece, that suffered a downgrade of its credit rating in a week’s time. The dollar has also risen against the Swiss Franc hitting a three month high of 77.70 against six major currencies and a two month high agaist Australian dollar.

Asian shares have come down too.The MSCI index of Asia pacific is 1 percent to below 40 percent. The regional gauge has gained more than 62 percent this year, rising to double the pace of its global counterpart.

The Nikkei share average in Japan dipped 0.1 percent, slipping from sevenweek highs hit earlier in the day, as investors pocketed profits from a rally in big banks likeMitsubishi UFJ Financial Group. The banks had surged the previous day when sources said that global banking regulators were considering an effective delay to the implementation of new rules.

The price of oil scame down one percent to below $72 a barrel, and gold prices dipped more than one percent to $1,125 per ounce, with the firm dollar weighing on the demand. A stronger dollar makes gold an alternative asset and makes dollar-priced commodities like oil more expensive for holders of other currencies.

Speculation was widespread that investors were rushing to pay off bank loans and acted on people’s sentiments too. U.S. Treasury securities have also risen supported by softer stock markets.

The benchmark 10-year Treasury note rose to yield 3.573 percent, down about 3 basis points from late U.S. trading on Wednesday.