Dollar slips further as euro and sterling edge up

The dollar index dipped to 100.81 on Wednesday, extending losses after its sharpest single-session decline in two weeks.

Staff Writer
Close-up view of multiple American dollar bills showcasing finance and currency details.
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Article summary

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The US dollar extended its slide on Wednesday, with the dollar index dipping to 100.81 after its steepest single-session fall in two weeks. The euro and sterling each edged up 0.1 per cent, while the New Zealand dollar approached a one-month high.

Key points

  • Dollar index slips to 100.81, extending a two-session retreat
  • Euro trades at $1.1433, sterling at $1.3401 after 0.1% gains
  • New Zealand dollar nears one-month high at $0.5819

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The US dollar continued to weaken on Wednesday, extending a retreat that began after it pulled back from a two-week high in the previous session.

The dollar fell 0.1 per cent against the Japanese yen to 162.08, while the euro and British pound each gained 0.1 per cent, trading at $1.1433 and $1.3401 respectively.

The New Zealand dollar was among the stronger performers, trading at $0.5819 and approaching a one-month high. The Australian dollar held steady at $0.6983.

The dollar index, which tracks the currency against a basket of six peers, slipped marginally to 100.81. The index had dropped 0.35 per cent in the prior session, its largest single-day decline in roughly two weeks.