The dollar weakened against its main rivals Wednesday after a spate of weak economic data and the Federal Reserve’s Beige Book painted a troubling picture of the U.S. economy.The ICE U.S. Dollar Index DXY, +0.14% a measure of the dollar’s strength against a basket of six rival currencies, was down 0.5% to 94.2800.
The U.S. currency was slightly weaker against the euro EURUSD, -0.0261% which rose to $1.1473, up 0.8% from $1.1378 late Tuesday in New York — its highest level since Sept. 18, according to FactSet data.
The greenback USDJPY, +0.22% was at ¥118.75, down 0.8% from ¥119.74 Tuesday, its weakest level since Oct. 2.
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