Dollar Falls on Economic Worries, Yuan Gains on StimulusSingapore, 17 Mar (ONA) — The US dollar today hovered close to a
five-month low against its major peers, pressured by
President Donald Trump’s erratic trade policies and a run of soft
macroeconomic data.
The US dollar index, which measures the currency against six
major counterparts, witnessed little change at 103.71 in the Asian
session.
The euro was fetching $1.0879, slightly off the $1.0947 level it
hit last Tuesday.
Meanwhile, the Chinese yuan edged back towards the strongest
level in four months in offshore trading, changing hands at 7.2400
per dollar.
The dollar added 0.13% to 148.83 yen .
Sterling was steady at $1.2927, with the Bank of England also
seen keeping policy unchanged.— Ends/Khalid
