Thursday 14 / August / 2025
Singapore: The US dollar fell to its lowest level in several weeks against major currencies today, amid market expectations that the US Federal Reserve will resume cutting interest rates next month.
The dollar index, which measures the performance of the US currency against a basket of major currencies, dropped to 97.673 points, down about 0.8% over the past two sessions, before hitting 97.626 points on Wednesday, marking its worst performance since 28 July.
The dollar declined 0.7% to 146.38 yen, its weakest level since July 24, while the British pound rose to its highest level since July 24, reaching 1.3590 dollar.
Meanwhile, the euro held steady at 1.1712 dollar, slightly below Wednesday’s peak of 1.1730, a level not seen since July 28.
