The dollar held near its lowest level in almost a month today, Friday, and is about to record its worst weekly performance since May, as statements from the US Federal Reserve tend to monetary easing, along with disappointing economic data, caused the currency’s month-long rally to lose momentum.
The dollar index, which tracks the performance of the US currency against a basket of six other currencies, was last at 91.96, after falling to 91.855 on Thursday, a level not recorded since June 29.
On the week, the index fell 1 percent, in its worst weekly performance since early May. For the month, the index is down 0.5% so far, after rising 2.8% in June.
The dollar received little support last night from US GDP data.
The dollar settled at a two-week low against the safe-haven Japanese yen at 109.54.