The US dollar has lost grounds against the majors affected by observed stock sell-offs on the fears of the interest rate increase in the USA.
The US Dollar index decreased to 94.84 on Thursday, falling below the overnight bottom of 94.88.
The euro showed restrained strengthening against the US dollar since Rome and EU negotiators still cannot come to terms regarding the draft budget for 2019 in Italy. The rate reached 1.1574.
The sterling-to-US dollar rate went up to $1.3232. The increase is said to be mainly driven by doubts about successful Brexit deal conclusion before the official date of EU leaving.
The greenback decreased vs the Japanese yen to 112.25, while earlier it hit the 3-week low at 111.98.
At the European trading, the rates dropped following the plunge of Asian indices with the major US stock market slump recorded over the past 8 months. Demand for risk assets reportedly slackened due to soaring US Treasuries.
Seeing Wall Street collapse, Donald Trump once again attacked US Federal Reserve regarding its monetary policy. Specifically, it is expected that the Central Bank may speed up revision of the rate amid a positive state of country's economy.
As for the Japanese yen, the currency posted gains making use of the IMF report released early this week in which the fund downgraded its global economic outlook citing that trade conflicts strongly depress the world economy.