US dollar index falls to five-week low near 101
The US dollar index dropped to a five-week low, briefly touching 101.21, a 0.5 per cent decline. US Treasury yields also fell, with the 10-year note yielding around 4.884 per cent. The euro, sterling and antipodean currencies strengthened against the dollar.
The US dollar index fell towards the 101 level on 4 November, reaching a low of 101.21, down 0.5 per cent from the previous session. That marked a five-week low for the greenback's benchmark measure.
US Treasury bond yields also declined. The yield on the benchmark 10-year note fell to about 4.884 per cent, a drop of nearly seven basis points. The 30-year bond yield slipped below 5.3 per cent to as low as 5.27 per cent, a decline of more than five basis points. The two-year note yield dipped to approximately 4.55 per cent.
In late New York trading, the Australian dollar rebounded to the 0.70 US cent level, gaining about 0.6 per cent. The New Zealand dollar also strengthened, rising roughly 0.7 per cent to above 0.562 US cents.
The euro climbed to 1.123 US dollars, while sterling advanced to above 1.347 US dollars. Against the yen, the dollar slipped about 0.2 per cent, hovering near 158.4 yen.
Currency markets in Asia were expected to react to the moves when trading opened on 5 November.