U.S dollar drops lower, as U.S Federal Reserve plans on boosting inflation
The U.S. Dollar Index tracks the American dollar against other major currencies.
The U.S. Dollar Index tracks the American dollar against other major currencies.
The drop is speculated to have been caused by the high number of Americans who claimed unemployment benefits.
This is the longest losing streak recorded by the safe-haven currency in ten years.
American Dollar Index gained 0.27% to trade at 93.025.
The U.S Fed is expected to strike a dovish stance at its policy scheduled today.
Some currency traders expect sentiments to be risk-averse in this coming week.