Dollar Falls against Most Currencies amid Anticipation of US Jobs Data

The dollar index, which tracks the currency against the euro, pound, yen and three other major currencies, fell to its lowest since Jan. 2 at 101.34, after falling 0.5% or more in each of the previous three sessions, as traders awaited US jobs data later in the day, ahead of a speech by Federal Reserve Chairman Jerome Powell at the end of the week. The dollar was also affected by the decline in US bond yields, which reached their lowest levels since August 5, when yields plunged to their lowest level in more than a year after surprisingly weak monthly jobs figures raised recession fears. The euro rose to $1.1131, its highest since Dec. 28. The pound was steady at $1.3033 after touching a high of $1.3054 on Tuesday, last seen in July last year. The dollar fell 0.2% against the Japanese currency to 144.98 yen, having earlier fallen to 144.945 yen, falling below the key psychological barrier of 145 yen for the first time since Aug. 6. The Australian dollar was trading just below a one-month high against the greenback of $0.6749 hit on Tuesday. The New Zealand dollar rose slightly to $0.61585, its highest since July 8. Source: Qatar News Agency