The U.S. dollar declined against most major currencies on Thursday as investors took profits from recent gains.
The dollar index, which measures the greenback against six major peers, was up nearly 1.3 percent in the past three sessions amid renewed hope for an interest rate-hike at the end of this year. The index was down 0.28 percent at 93.098 in late trading amid profit-taking on Thursday.
Federal Reserve Chair Janet Yellen said on Tuesday that it's appropriate for the central bank to continue gradually tighten its monetary policy in view of the uncertainties around inflation.
Investors saw a 78 percent chance the Fed would raise rates at its Dec. 12-13 policy meeting, according to CME Group's FedWatch program.
On the economic front, U.S. real gross domestic product increased at an annual rate of 3.1 percent in the second quarter of 2017, on par with market consensus, according to the third estimate released by the Commerce Department on Thursday.
In late New York trading, the euro rose to 1.1784 U.S. dollars from 1.1752 U.S. dollars, and the British pound climbed to 1.3446 U.S. dollars from 1.3399 U.S. dollars. The Australian dollar decreased to 0.7854 U.S. dollar from 0.7860 U.S. dollar.
The U.S. dollar bought 112.38 Japanese yen, lower than 112.87 yen of the previous session. The U.S. dollar fell to 0.9702 Swiss franc from 0.9722 Swiss franc, and it edged down to 1.2421 Canadian dollars from 1.2455 Canadian dollars.
|