The dollar weakened against its main rivals, driving the ICE U.S. Dollar index DXY, -0.06% , a gauge of the currency’s strength against a basket of six major rivals, down 1.2% to 94.7560, its weakest level since October.
The dollar traded at ¥111.44 late Thursday in New York, compared with ¥112.77 Wednesday. Some analysts said they suspected the Bank of Japan intervened to support its currency after the dollar fell to its weakest level in 17 months earlier in the session.
In other currency trading, the euro EURUSD, +0.0177% strengthened to $1.1315 late Thursday, compared with $1.1217 late Wednesday in New York. The pound GBPUSD, -0.0967% traded at $1.4489 Thursday, compared with $1.4248 late Wednesday.
The British currency touched its highest level in a month earlier after the Bank of England left monetary policy on hold.
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