Andrew
THE US dollar slumped in late trading on Wednesday as recent soft US economic data fueled speculations that the Federal Reserve might be less aggressive in rate hikes.
The dollar index, which measures the greenback against six major peers, fell 1,13 percent to 109,7010.
In late New York trading, the euro rose to US$1,0084 from US$0,9961 in the previous session, and the British pound was up to US$1,1626 from US$1,1472 in the previous session.
The US dollar bought 146,30 Japanese yen, lower than 147,98 Japanese yen of the previous session.
The US dollar decreased to 0,9865 Swiss francs from 0,9958 Swiss francs, and it decreased to 1,3570 Canadian dollars from 1,3621 Canadian dollars.
The US dollar was down to 10,8675 Swedish Kronor from 10,9751 Swedish Kronor. – Xinhua
Bongani Ndlovu
Online Reporter