The U.S. dollar, on Thursday, December 1, slid lower against its major rivals pulling back from a nine-month high against the yen as investors took profits from recent gains.
The U.S. Dollar Index DXY, -0.50% which measures the currency against a half-dozen major rivals, fell 0.2% to 101.24.
The index jumped 3.2% over the month of November, extending the 3.1% rally it posted over October. With the recent gains, the index is trading around highs last seen in early 2003.
The WSJ Dollar Index BUXX, -0.36% which looks at the dollar against a basket of 16 currencies, was down 0.32% at 91.68.
The euro EURUSD, +0.5383% traded at $1.0635 from $1.0589 late Wednesday. The pound GBPUSD, +0.5997% was adding $1.2582 compared with $1.2506 a day earlier, nearing a three-month high as hopes grew that the U.K. would retain access to the European Union’s single market after Brexit.
Despite the rise on the day, however, the pound continues to trade near multidecade lows, as it has since the Brexit vote in June, and analysts are hesitant to say it was on a long-term uptrend.
Against the yen USDJPY, -0.35% the dollar rose to ¥114.39 from ¥114.45 late Wednesday in New York. The dollar had traded higher against the yen earlier on Thursday, even hitting ¥114.83, marking its highest level since Feb. 16. However, it subsequently turned negative and fell as low as ¥113.85.
