The US dollar fell to its lowest level in more than a year on Monday, supported by the Federal Reserve’s dovish monetary policy and fresh signs of weakness in the US labour market ahead of an interest rate cut.
The dollar fell below the 145 yen level.
The dollar index, which measures the greenback against a basket of six major currencies, was little changed at 101.19. It fell to 100.92 on Wednesday for the first time this year.
The euro fell slightly to $1.1143 after rising to $1.11735 yesterday for the first time since July 2023.
The pound fell to $1.3084 after rising to $1.31195 in the previous session, also a level last seen in July 2023.
The dollar fell 0.11 percent to 145.095 yen after earlier falling to 144.86 yen.
The Australian dollar lost 0.19 percent to $0.67315, retreating from a five-week high of $0.6761 hit yesterday, amid mixed performances in Asia-Pacific stocks today.
The Chinese yuan rose slightly to 7.1292 against the dollar in offshore markets, but was down from yesterday’s high of 7.1135.
