Dollar Falls for Sixth Day

The dollar index, which measures the currency against six major peers, was last down 0.3%, on track for its sixth straight daily drop, its longest such streak since September 2021, after the Federal Reserve sounded close to calling time on interest ra…

The dollar index, which measures the currency against six major peers, was last down 0.3%, on track for its sixth straight daily drop, its longest such streak since September 2021, after the Federal Reserve sounded close to calling time on interest rate hikes.

The Euro jumped to its highest level in seven weeks against the dollar, recording $1.0930, while Sterling hovered near a seven-week high after data showed a surprise rise in British inflation on Wednesday.

The Australian and New Zealand dollars rose 0.8% and 1% respectively. Dollar/yen, which closely follows US yields, fell 0.5% after earlier hitting a six-week low of 130.41.

Source: Qatar News Agency