The dollar slipped to its lowest this year versus the euro on Wednesday as traders braced for potentially crucial revisions to U.S. payrolls data later in the day, ahead of a speech by Federal Reserve Chair Jerome Powell at the end of the week.
The U.S. currency also dipped below the closely watched 145 yen level and hovered close to the more-than-one-year low to sterling reached overnight. Pressure notably came from U.S. bond yields , which hit their lowest since Aug. 5, when yields crashed to the a more-than-one-year trough after surprisingly soft monthly jobs figures sparked recession fear.
The U.S. dollar index – which measures the currency against the euro, sterling, yen and three other major rivals – edged to a fresh low since Jan. 2 at 101.34 as of 0026 GMT, after dropping 0.5% or more in each of the previous three sessions.
The euro pushed to $1.1131, the highest since Dec. 28.
Sterling stood at $1.3033 after touching a high of $1.3054 on Tuesday, a level last seen in July of last year.
Against Japan’s currency , the dollar sagged 0.2% to 144.98 yen, after earlier dipping to 144.945, dropping below the psychological 145 barrier for the first time since Aug. 6.
Source : Reuters
