The euro remained near a 14-month high against the dollar during foreign exchange trading on Monday (October 19th), with fresh statements from the Federal Reserve intimating near-zero interest rates on the dollar for at least a year.While the euro touched highs not seen since August 2008, high-yielders such as the Australian dollar also moved upwards against the greenback as strong third-quarter earnings reports from major US financial firms helped to heighten appetite for risk.Speaking to Reuters, Andrew Bekoff, chief investment officer for Family Office Group in New York, declared that the US dollar is at the mercy of the Federal Reserve."The current Federal Reserve policy remains accommodating. This serves to keep rates low and spending by the government high," the forex market analyst added.This weakness in the dollar was sustained yesterday after a statement from the Fed insisted that "no inference should be drawn" that the central bank is looking to tighten monetary policy in the near term.