The dollar fell on Thursday in choppy trading and further losses were seen as likely, hurt by reported central bank selling amid a backdrop of low US interest rates that were not expected to rise any time soon. Recent US economic numbers, including jobless claims and retail sales, have come in on the soft side, which kept intact expectations the Federal Reserve's $600 billion asset-buying program would stay in place until June.
The ICE Futures' dollar index dropped to a fresh 16-month low at 74.617. At midday, it was down 0.2 percent at 74.827. In midday trading, the dollar fell against the yen, trading down 0.7 percent at 83.25 yen. One trader cited real money offers above 83.50 yen with further falls likely to target the 100-day moving average at around 82.72 yen. The euro was up 0.1 percent at $1.4459 in volatile trading. It was trading lower earlier following a resurgence of sovereign debt fears.
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