The dollar tumbled against its rivals Wednesday after a spate of weak data suggested that the U.S. economy has yet to move past the slowdown in growth seen in the first quarter.The ICE U.S. Dollar Index DXY, -0.16% a measure of the dollar’s strength against a basket of six currencies, was down 0.4% to 98.31.
The euro EURUSD, +0.14% traded at $1.0673 Wednesday afternoon after hovering around $1.06 before the U.S. data was released earlier in the day. The single currency traded at $1.0648 Tuesday evening.
The U.S. dollar USDJPY, -0.01% was at ¥119.17, compared with ¥119.40 late Tuesday in New York. The Australian dollar AUDUSD, +0.96% traded at 76.74 cents, compared with 75.70 cents Tuesday, shaking off losses accrued early in the global day after China reported gross domestic product growth of 7%.
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