U.S. Rate Cautions Cause Dollar To Slide – 31 January, 2019

The Federal Reserve’s cautious approach to the U.S. economy and increasing interest rates caused the dollar to fall to two week lows against the yen. Versus six major currencies, the dollar index has continued to fall over the last two months, down 1.7 percent, to its weakest two month performance in a year. The dollar fell 0.2 percent against the yen to 108.81, just slightly above the two week low of 108.51 it hit earlier in the day. The euro dipped 0.3 percent against the dollar to $1.1439, with the euro’s losses boosting the dollar index by 0.3 percent to 95.91.