puma shoes NEW YORK — The dollar tumbled to a 15-year low Wednesday versus the Japanese yen, which many traders have taken as a safer bet after the Federal Reserve said it expected a weaker recovery and took steps to support the economy Gucci handbags.

The dollar rose against most other currencies around the world, however, with investors still seeking access to one of the world's most accessible places to park funds, Mac cosmetics short-term U.S. Treasurys.

The Fed on Tuesday said it would take money from maturing mortgage-backed bonds and place it in Treasurys as it cut its its assessment of the economy's prospects. Rolex watch The Fed hopes to pull long-term interest rates modestly lower, making borrowing easier and stimulate economic activity.

CK underwear Bad news for other major economies set the yen and the dollar apart. The Bank of England lowered its forecast for economic growth this year, while China said its industrial growth slowed in July and inflation jumped.

Still, Japan's machinery orders, a gauge of future business investment, grew much less than economists had expected in June salerchina.