The dollar declined on Friday, influenced by a drop in U.S. Treasury yields, following a rise in weekly unemployment claims in the United States, which raised hopes that U.S. interest rates may be approaching their peak. The dollar index recorded 103.41 points in the latest Asian trading on Friday, after losing more than 0.7% in the previous session, marking its largest daily decline in weeks.
The dollar fell to its lowest level in a week at 138.765 against the Japanese yen, affected by the decline in U.S. Treasury yields. The British pound approached a one-month high at 1.2564 dollars, while the New Zealand dollar decreased by 0.11% to 0.6089 U.S. dollars. The Canadian dollar traded in the latest transactions at 1.3371 against the dollar, not far from the one-month high it reached on Wednesday, while the Australian dollar remained near its monthly high at 0.6711 dollars.
