US Dollar Falls against Most Major Currencies

The US dollar fell against most major currencies in Wednesday's trading. The dollar index, which measures the strength of the greenback against six major currencies, fell 0.3% to 101.4. Against the Japanese yen, the dollar fell 0.9% to 144.22 yen as global financial markets traded in a broadly risk-averse manner. The dollar index reached a level about one percent higher than its low in late August at 100.51. The euro rose 0.3% to $1.1077, recovering from marginal declines earlier in the session. The Canadian dollar also rose 0.2% against its US counterpart, after the Bank of Canada cut its main interest rate by 25 basis points to 4.255. The British pound rose 0.35 to $1.316, after falling to a low of $1.31010 overnight. Source: Qatar News Agency