FOREX-Dollar rises after Fed decision

NEW YORK, April 30 (Reuters) - The dollar rose against the euro and extended gains versus the yen on Wednesday after the Federal Reserve cut interest rates, as expected, in what may be the last of a series of reductions to boost the economy.

The euro was down 0.2 percent at $1.5541 <EUR=> compared to $1.5565 before the policy-setting Federal Open Market Committee announced its rate verdict. The dollar rose 0.6 percent to 104.66 yen <JPY=> versus 104.50 yen.

(Reporting by Lucia Mutikani; Editing by Chizu Nomiyama,)