The
dollar reached the lowest level in almost three weeks versus major
peers as rising U.S. jobless claims and weak housing data cast doubt on
the nation’s economic outlook.
The
greenback weakened after a report showed applications for unemployment
benefits rose last week and sales of new homes slumped, adding to
evidence U.S. economic growth remains uneven. Federal Reserve policy
makers want to see signs of growth and inflation on the rise before
committing to the first interest-rate increase in almost a decade.
The
Bloomberg Dollar Spot Index, which tracks the currency against 10 major
peers, was down 0.7 percent to 1,183.96 as of 2:46 p.m. New York time.
It reached the lowest level on a closing basis since April 3. The dollar
fell 1.1 percent to $1.0842 per euro and slid 0.3 percent to 119.51
yen.
The greenback gauge has slumped 1.4 percent in April after gaining for the past nine months.
Source : Bloomberg
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