US Dollar Falls Against Most Major Currencies
Date
9/5/2024 12:02:07 AM
(MENAFN- The Peninsula)
QNA
New York: The US dollar fell against most major currencies in Wednesday's trading.
The dollar index, which measures the strength of the greenback against six major currencies, fell 0.3% to 101.4.
Against the Japanese yen, the dollar fell 0.9% to 144.22 yen as global financial markets traded in a broadly risk-averse manner.
The dollar index reached a level about one percent higher than its low in late August at 100.51.
The euro rose 0.3% to $1.1077, recovering from marginal declines earlier in the session.
The Canadian dollar also rose 0.2% against its US counterpart, after the Bank of Canada cut its main interest rate by 25 basis points to 4.255.
The British pound rose 0.35 to $1.316, after falling to a low of $1.31010 overnight.
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