Dollar index sags to multiweek minimums

Dollar index sags to multiweek minimums

On Thursday, the greenback extended losses, taking a particularly hard hit versus the British pound, Assue and euro following a steep dip in American Treasury yields.

Trading was still thin because a great number of market participants were believed to stay away until after the New Year holiday.

A measure of the greenback versus a basket of six major counterparts, the ICE US Dollar Index headed south 0.4% trading at 92.676.

As for the WSJ Dollar Index BUXX evaluating the US dollar versus 16 counterparts, it slumped 0.3% being worth 86.32.

Both indexes have dived in 7 of the last 8 trading sessions, while both are approaching levels not observed in more than a month.

Late on Wednesday, in New York the currency pair EUR/USD tacked on to $1.1928 from $1.1896, getting closer to levels not observed since late November.

GBP/USD inched up to $1.3433 versus Wednesday’s outcome of $1.3400.

Versus the Japanese yen, the evergreen buck dived to ¥112.81 versus ¥113.25 in the previous trading session.

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