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The safe-haven dollar fell on Tuesday to its lowest level in three weeks against other major currencies amid an improvement in risk appetite, as Asian stocks tracked the rise in US technology shares, and also amid signs that China’s property market problems could be contained.
The Australian dollar, which is affected by risk appetite, as well as the Chinese yuan, jumped.
The dollar index, which measures the performance of the greenback against six other major currencies, fell to a low of 93.641 for the first time since September 28, dropping from its recent range. It was down in the last trading 0.26 percent to 93,690.
The yuan jumped in internal transactions to 6.4105 per dollar, its highest level since June 16, while it reached 6.3975 in offshore trade, which is also the highest level since June 16.
The Australian dollar rose to $0.7474 for the first time since September 3rd, even after the minutes of the Reserve Bank of Australia’s September meeting showed that policymakers were concerned that monetary tightening could hurt the labor market.
The pound rose to $1.3778 for the first time since Sept. 17.
The euro rose to $1.1658, a level not seen since September 29.
Even against the safe-haven yen as well, the dollar fell 0.3 percent to 113.975, up from its nearly three-year high of 114.47 touched on Friday.
The New Zealand dollar rose to $0.7149 for the first time since Sept. 14.
