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Dollar under pressure as stock market retreats again
Wednesday, 14 February 2018 00:47 WIB | CURRENCIES |Dolar Indeks Dolar

The U.S. dollar softened against its major rivals early Tuesday, notably against the Japanese yen, as stocks showed signs of exhaustion following a two-session rebound.

Extending earlier losses, the ICE U.S. Dollar Index which measures the currency against six main rivals, fell 0.6% to 89.633. The index saw its best weekly gain since December 2016 last week, as U.S. equities suffered their worst weekly pullback since that same year. The broader WSJ U.S. Dollar Index fell 0.5% on Tuesday to 83.66.

The dollar declined sharply against the Japanese yen, One dollar bought ¥107.63 versus ¥108.65 late Monday. The greenback also dropped against the Swiss franc falling to 0.9334 against 0.9394 late Monday in New York.

Source: Marketwatch

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