Dollar slips to three-month low as rivals rally

The dollar index fell toward its weakest level since mid-May, with the euro, sterling, and Swiss franc all gaining ground.

Staff Writer
US dollar bills on laptop with financial graph in background, symbolizing wealth and technology.

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The dollar fell sharply on Thursday, with its index dropping to 98.938 and approaching its weakest point since mid-May. The euro, sterling, yen, and Swiss franc all made gains against the US currency.

Key points

  • Dollar index fell to 98.938, near a three-month low
  • Euro steadied at $1.1676, close to a late-May high
  • Swiss franc approached a two-month high at 0.7981

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The dollar weakened sharply on Thursday, pushing the US currency close to its lowest level in three months against a basket of major peers.

The dollar index, which tracks the greenback against six major currencies, fell to 98.938, approaching its weakest reading since mid-May.

The euro steadied at $1.1676, near its highest since late May, while the yen traded at 158.32 per dollar. Sterling held at $1.3603, and the Swiss franc reached 0.7981 against the dollar, closing in on a two-month high.