Greenback Keeps Losing Ground, Pound Desperately Weak

Forex News

The greenback continued to soften today. The Pound is also trading at its yearly minimum. The U.S. dollar index dropped to the minimum of 94.82 and then lifted to 94.98.

Dollar/Yen pair fell 0.38% to 110.96. Japanese currency also reinforced against euro, as Euro/Yen cross dropped 0.46% to 128.61. Euro/Dollar pair declined 0.1% to trade at 1.1586. Euro/Pound rose 0.17% to trade at 0.8975.

The cable, meanwhile, declined 0.22% to the yearly minimum of 1.2905. Chinese yuan reduced versus dollar with USD/CNY trading at 6.8340.