Published by Mark Smith-HalvorsenThe dollar has dropped against the euro on the foreign exchange market as speculation grows that the Federal Reserve will consider more easing measures to help support the country's economy.The bank is meeting today to discuss policy. After the decision is announced, chairman Ben Bernanke will hold the first of the newly scheduled press conferences offering an insight into the decision. Traders may also try and determine future policy clues from his statements.Unnamed traders told Reuters that the dollar could be squeezed if the Fed does not hold a dovish position. More said, however, that the dollar's downward trend is likely to continue.Bloomberg reports that the euro has continued to rise against the dollar on signs that growth in the region is quickening. The currency has achieved its longest rise against the dollar since March 2009, the news provider states.Earlier this month, the European Central Bank raised interest rates to 1.25 per cent.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site