New York: The dollar languished near its lowest level in three years on Tuesday. The dollar sagged close to the decade-low reached the previous day against the Swiss franc, and edged back towards a 3-1/2-year trough versus the euro.
According to Qatar News Agency, the US dollar index, a measure against six major peers, stood at 98.454, after sinking as low as 97.923 in the previous session, a level not seen since March 2022. The dollar was steady at 0.8095 Swiss franc, not far from the decade-low 0.8042 reached in the previous session.
The US currency bought 140.99 yen, hovering close to Monday’s seven-month low at 140.48. The euro was little changed at 1.1502. Sterling was stable at 1.3376 after surging as high as 1.3421 for the first time since September to start the week.
Even the risk-sensitive Australian dollar climbed to a four-month peak of 0.6436 on Monday, and remained close to that level in the latest session, changing hands at 0.6414.