The dollar continued to fall against other major currencies on Friday, the last trading day of the year.
Trading volumes are expected to remain thin ahead of the New Year’s Day holiday weekend.
which measures the greenback’s strength against a trade-weighted basket
of six major currencies, was down 0.27% at 92.09 by 4:12 AM ET (16:12
The greenback fell for the fourth consecutive day and was
at its lowest level since the end of September. Some analysts think the
weakness is due to sell offs after President Donald Trump signed the tax
bill into law. The index was down 0.9% year-to-date.
Against the loonie the dollar was also down, nearing its lowest level since October 20. decreased 0.25% to 1.2537. The greenback also fell against the Japanese yen, with dipping 0.30% to 112.56. Meanwhile was down 0.27% at 0.9759.
Elsewhere, the euro was at a three-month high, supported by the lower dollar. increased 0.20% to trade at 1.1965, unmoved by the , which came in at 0.1% in December versus the 0.3% expected. Traders are also looking ahead to the , which is released at 8:00 AM ET (13:00 GMT).