Economic news

Dollar dips to lowest level since 2014 heading for worst week in 2 years

The dollar slumped to its nadir levels in more than three years versus a basket of its major peers on Friday, on course for its largest weekly decline in two years.

Photo: Reuters

The dollar’s index dropped to 88.253, its trough since December 2014. The index was on track for a weekly decline of 2 percent.

The greenback fell to 105.545 yen in Asian trading, its lowest level in 15 months.

The euro soared to a three-year high of $1.2556 set to rise 2.4 percent this week.

Sterling edged up to $1.4131.

To leave a comment you must or Join us

More news

Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree