The Bloomberg Dollar Index has dipped almost 5% this quarter and Bloomberg reports that ‘it is on track for its biggest slide since 2010’.
The USD came under pressure on as weekly jobless claims remained high. The August housing data figures also fell below expectations.
The USD has fallen to the lowest in seven weeks against the Yen and is currently under pressure against the EUR and GBP
Meanwhile, the Dollar Index is within the 92.00-94.00 range with momentum indicators pointing lower.
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