US dollar declines

US dollar declines

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The US dollar weakened Thursday, falling against both major and emerging markets currencies.

The greenback fell 0.2 percent to $1.3565 in relation to the euro while it dropped 0.6 percent to $2.0050 against sterling and was 0.9 percent lower versus the Canadian dollar, to C$1.0525.

Among emerging currencies, the US currency dropped 0.3 percent to the South African rand to R7.900, fell 0.6 percent to R$1.9890 versus the Brazilian real, and declined 0.7 percent to TL1.2300 in relation to the Turkish lira.

Meanwhile, the yen also weakened in the wake of the Bank of Japan’s decision to hold interest rates at 0.5 percent for the time being.

In midday trade in New York, the yen had dropped 0.8 percent to ¥116.30 to the US dollar and was 1 percent lower to ¥157.80 versus the euro.

In addition, the Japanese currency was declined 1.4 percent in relation to sterling to ¥233.10 and had fallen 1.8 percent and 2 percent respectively against the New Zealand and Australian dollars.