The U.S. dollar fell to a three-month low against the euro and dropped to its we...
LONDON - The U.S. dollar fell to a three-month low against the euro and dropped to its weakest against the Japanese yen since early January as the prospect of monetary easing by the Federal Reserve knocked demand for the U.S. currency.
The dollar dropped 0.4% to as low as 106.78, having only fallen below 107 yen per dollar in the January flash crash and then last back in April 2018. U.S. 10-year Treasury yields again fell below 2% in earlier trading, reducing the interest rate advantage the dollar has enjoyed over rivals in recent years.
The dollar index fell to a three-month low of 95.843, having lost 1.7% during the latest five sessions, and was last down 0.1% at 95.909.The yen also rallied against the euro, adding 0.4% to 121.82 yen, while versus the British pound it was 0.2% ahead at 136.45 yen.
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