Dollar Declines Amid Growing Expectations of US Interest Rate Cut

Singapore, 4 Sept (ONA) --- The dollar fell today amid bond market uncertainity and latest US labour market data, reinforcing expectations of a US interest rate cut in September.

The euro held onto its overnight gains, reaching $1.1658 in its latest session, while the pound sterling held steady at $1.3442. The Japanese yen last fetched 148.12 per dollar after eking out a small gain in the previous session.

In other currencies, the Australian dollar was steady at $0.6545, while the New Zealand dollar last bought $0.5881.

---Ends/AG