While the Federal Reserve is pessimistic and new signs of weakness in the American job market support the case for lower interest rates, the dollar traded near its lowest point. for more than a year against the euro and the pound sterling on Thursday.

The dollar fell below the closely watched 145 yen mark as US Treasury yields fell. The dollar index, which measures the currency against the euro, sterling, yen and three other major peers, was little changed at 101.14 at 00:15 GMT. It fell to 100.92 overnight for the first time this year. The dollar fell 0.11% to 145.09 yen after reaching 144.86 yen

For its part, the euro remained stable at $1,154 after reaching $1,130 on Wednesday for the first time since July last year. Sterling was also stable at $1.3092 after climbing to $1.31195 in the previous session, also a level last seen in July 2023