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Biggest quarterly loss in 5.5 years for US$ tracker

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Published Thu, Mar 31, 2016 · 09:50 PM

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London

A GAUGE of the US dollar headed for its biggest quarterly decline in 5.5 years on Thursday after dovish comments from Federal Reserve chairwoman Janet Yellen this week spurred a rally in stocks and higher-yielding assets.

The Bloomberg Dollar Spot index, which tracks the currency against 10 major peers, has fallen 4.3 per cent this quarter, the most since September 2010, and dropped 0.3 per cent as at 7.25 am New York time in its fourth day of losses.

Currencies

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