The dollar rises against the euro and the yen after the Federal Reserve indicates a strong labor market kept the central bank on a path to raise interest rates later this year in a statement following its two-day policy meeting. Keeping open the September timeline for the Fed's first interest-rate increase in more than nine years is likely to support the greenback, as higher borrowing costs would draw more yield-hungry investors. After rising initially, the euro fell to $1.1014 from $1.1044 ahead of the statement, now down 0.5% for the session. The dollar increased against the yen to Y124 from Y123.75 beforehand, leaving it 0.4% higher on the day.