Economic news

Dollar falls versus all major currencies

The dollar slumped on Thursday, dragged down by a recent fall in U.S. 10-year bond yields, while other major currencies were supported by this week’s rally in copper, gold and crude prices.

The dollar’s index dipped to as low as 92.734, its trough in near four weeks. The index has fallen more than 9 percent this year, set for its largest annual drop since 2003.

Versus the yen, the greenback lost 0.5 percent at 112.78 yen.

The euro jumped 0.4 percent to $1.1929. The common currency has climned more than 13 percent so far this year.

Sterling advanced 0.3 percent to $1.3442.

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