The dollar nursed its wounds after falling sharply overnight. The dollar index, which tracks the greenback against six currencies, fell as low as 91.405 overnight, compared with levels around the 92 handle over the past two weeks. The dollar index last stood at 91.483.
Against the Japanese currency, the dollar fetched 108.45 yen, a touch above levels around 108.41 seen in the last session.
Stephen Innes, APAC head of trading at OANDA, said traders were concerned with the impact Hurricane Harvey might have on data that could eventually lead “the Fed to sit on their hands for the rest of 2017.” Higher-than-expected U.S. jobless claims and geopolitical concerns also weighed on the currency, Innes said.
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