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Dollar Hovers Near Two-Week Lows On Falling Yields, Wall Street Losses
Friday, 12 October 2018 09:47 WIB | CURRENCIES |DOLLAR

The U.S. dollar traded near its lowest level in nearly two weeks against its major peers on Friday as declining U.S. Treasury yields and further losses on Wall Street soured sentiment.

The dollar index, a gauge of its value against six major currencies, traded at 95.07 on Friday, down from its monthly high of 96.16 hit on Tuesday.

The Dow Jones Industrial Average closed at 25,052, down 2.13 percent, at a two month low on Thursday while the S&P 500 ended 2.05 percent lower.

The Japanese yen, which is a preferred currency in times of market turbulence, traded at 112.28 on Friday.

Source : CNBC

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