The US dollar fell on Thursday, tracking the pullback in US Treasury yields, amid a mixed set of data suggesting that there are pockets of weakness in the world’s largest economy, further diminishing the odds of another interest rate hike by the Federal Reserve before the end of the year.

The yen, on the other hand, was slightly firmer against the greenback, moving away from the closely watched 150-per dollar mark, as a short-lived surge in the previous session stoked speculation that Japanese authorities may have intervened to support the currency.

The dollar index , which tracks the greenback against six peers, was down 0.3% at 106.69.

The dollar did retrace some of its losses after US factory orders gained 1.2% in August, compared with expectations of a 0.2% rise.

The Japanese currency was last flat on the data at 149.04 per dollar, after unexpectedly surging nearly 2% at one point on Tuesday to 147.30, its strongest in three weeks. The spike came after it slipped to 150.165 per dollar, its weakest
since October 2022.

Source: Qatar News Agency