Dollar Falls To Five Month Low Against Yen – 3 June, 2019

The dollar fell to a five month low against the yen after comments by St. Louis Federal Reserve President James Bullard said a rate cut may be on the horizon, as well as a steep drop to a two year low in the benchmark 10-year Treasury field. The dollar last traded at 108.010 yen, having touched a January 10 low of 107.860 earlier in the session. Against a basket of major currencies, the dollar index was steady at 97.182 after falling 0.6% in the previous session. The euro gained 0.1% to $1.1250, gaining 0.7% the previous day to $1.1262. The Australian dollar was flat at $0.6975, rising to $0.6983 the previous day. The pound rose from a five month low of $1.2560 to settle at $1.2667.