The United States dollar, typically considered a safe haven currency, weakened against several currencies on Wednesday following last week's data on personal spending in the country which further raised prospects that the Federal Reserve may begin slashing its interest rates soon.
At 5:26 pm CET, the euro added 0.68% against the dollar to reach its highest level in five months, selling at 1.11182. The British pound gained 0.57% compared to the greenback, to trade at 1.2798004 minutes earlier.
The US currency dipped 0.33% against the Japanese yen to change hands at 141.95350. The American dollar plunged 1.29% against the Swiss franc, selling at 0.84250 a minute later and falling to its lowest point since January 2015.
