The dollar stayed near
its lowest in more than three months as a slew of weak data further
scaled back market expectations for the Federal Reserve to raise
interest rates this year.
The greenback fell to
its weakest in seven weeks versus the euro on Wednesday and declined for
a third day against the yen as disappointing economic reports,
including U.S. retail sales and Chinese inflation, highlighted the risks
to global growth that kept the Fed from raising rates last month.
The Bloomberg Dollar
Spot Index was at 1,183.85 as of 8:57 a.m. in Tokyo from 1,183.45 in New
York, where it closed at the weakest since June 30. The greenback was
unchanged at $1.1474 against the euro after slumping 0.8 percent on
Wednesday. The dollar was little changed at 118.84 yen following a 0.8
percent loss on Wednesday.
Source: Bloomberg
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