NEW YORK, Jan. 9 (Xinhua) — The U.S. dollar weakened across the board in late trade Monday as fresh U.S. data fueled expectations that the Federal Reserve could slow the pace of policy tightening.
The dollar index, which measures the greenback against six major peers, fell 0.85 percent to 103.0010, after a 1.11 percent decline in the previous session.
In late New York trading on Monday, the euro was up at US$1.0757 from US$1.0647 in the previous session, and the British pound was up at US$1.2202 from US$1.2098 in the previous session.
The US dollar bought 131.57 Japanese yen, down from 132.05 Japanese yen from the previous session. The US dollar fell to 0.9198 Swiss francs from 0.9276 Swiss francs and it fell to 1.3366 Canadian dollars from 1.3434 Canadian dollars. The US dollar was down to SEK 10.3802 from SEK 10.5199.
The above market reactions came as Friday’s data showing signs of subdued wage growth and weaker service sector activity in the US prompted traders to bet on smaller Fed rate hikes ahead.