Economic news

Dollar extends decline

The U.S. dollar dipped to three-year trough on Wednesday as speculative selling contunued.

Photo: Reuters

The dollar index traded at 90.003 .DXY. The greenback slid 0.35 percent against yen to 109.90 yen.

The euro climbed to $1.2315, heading to the three-year high of $1.2322 scaled last week.

Sterling jumped to $1.4040, its top since the Brexit vote in June 2016.

Gold inched up to $1,341.26 an ounce amid dollar’s decline.

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