FOREX-Dollar falls vs euro on Fed meeting; up vs yen

The dollar's not looking so good, is it? You could still probably do well with it, using a FOREX trading robot, eh? Here's the latest bad news from Reuters:

The dollar traded near record lows against the euro on Tuesday amid expectations for an aggressive Federal Reserve interest rate cut, while it rebounded versus the yen as stocks rallied and investors' appetite for risk revived.
Markets are pricing in a cut of at least 100 basis points to the Fed's benchmark lending rate from the current 3 percent as the central bank tries to revive the struggling economy. The Federal Reserve's policy-setting panel, which meets on Tuesday, is expected to issue a decision around 2:15 p.m. (1815 GMT).
Expectations of rate cuts deepened after JPMorgan Chase's (JPM.N: Quote, Profile, Research) deal to purchase stricken rival Bear Stearns (BSC.N: Quote, Profile, Aesearch) for a rock-bottom $2 a share and the Fed's emergency step of cutting its discount rate by 25 basis points on Sunday.
The greenback, which sold off on Monday, remained under pressure on Tuesday, although it advanced against the yen as stronger-than-expected results from Goldman Sachs (GS.N: Quote, Profile, Research) and Lehman Brothers (LEH.N: Quote, Profile, Research) eased some investors' concerns about the health of the U.S. financial sector.
Demand for the Japanese yen tends to increase as investors' aversion to risk grows. As U.S. stocks rallied, with investors willing to take on more risk, the dollar recouped some of its Monday's sharp losses versus the low-yielding yen.