Dollar plumbs 33-month low on hurricane and N Korea concerns

FT/Roger Blitz/09-08-17

The dollar has plumbed its lowest level in 33 months, succumbing to pressure from a combination of market concerns, ranging from hurricane damage and North Korea to the composition of the Federal Reserve and its policy direction.

The index measuring the dollar against a basket of its major peers fell 0.5 per cent on Friday to touch 91.011, a level not seen since January 2015.

The latest drop extends a decline that began in early January and now runs to a drop of 12 per cent for 2017.

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