NEW YORK: The dollar fell against most currencies in choppy trading, as risk sentiment improved after US government officials expressed hope that another stimulus package could be passed to help ease the economic impact of the coronavirus-induced recession.
The greenback slid against the yen and weakened versus currencies associated with higher risk appetite such as the Australian, New Zealand, and Canadian dollars.
The euro was down 0.2% against the dollar at $1.1716.
Overall, the dollar was set for its worst quarter since the spring of 2017, with a fall of about 3.3% as hopes for a swift recovery from the Covid-19 economic crash made investors exit safe havens and buy into riskier currencies.
The dollar fell 0.1% against the yen to 105.55.
The Australian dollar rose 0.6% against the greenback to US$0.7166. The New Zealand dollar gained 0.5% to US$0.6621. Against the Canadian dollar, the US dollar fell 0.5% C$1.3319.—
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