The US dollar withered close to its lowest levels in more than two months versus a basket of major currencies Thursday on weak US data.
Figures showed US private sector employers hired the lowest number of employees in April in over a year.
The market has begun questioning if the Federal Reserve can increase interest rates in a low economic growth. If next payroll data is weak, “we could see clearer weakness in the dollar,” said Minori Uchida, Chief FX Strategist at Bank of Tokyo-Mitsubishi UFJ.
The greenback stood at $1.1344 per euro and $1.5240 per British pound.
Fed Chair Janet Yellen cautioned long-term US rates could ignite as the central bank was normalizing its policy, causing disruption throughout the financial system.
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