The U.S. dollar on Thursday weakened against the Japanese yen and the pound amid heightened uncertainty about the future of the health-care legislation.
U.S. legislators in the House are scheduled to vote on repealing and replacing the Affordable Care Act, known as Obamacare, later today, but may decide to postpone the vote if not enough Republicans support the bill. Investors are also focusing on Federal Reserve Chairwoman Janet Yellen’s speech, hoping for any clues about the future of the rate increases.
The ICE Dollar Index DXY, +0.04% was marginally higher at 99.70, near its lowest level in seven weeks.
Against the yen, the greenback fell to the lowest level in more than four months, trading at ¥110.69, down 0.5% from ¥111.17 late Wednesday in New York.