The greenback plunged versus the euro after retreating from almost 3 months high
The greenback slumped on Wednesday, slipping more from almost three-month peak versus the euro touched on the previous day, with a drop in the US bond yields that intensified the pressure.
The dollar index that gauges the greenback versus its major pairs tumbled by 0.04% to 104.10, after dropping by 0.29%. It had touched a peak in November 104.60 on Monday.
The US treasury yields tumbled from peaks amid robust demand for the new three-year notes, pushing the greenback to pare some of its earlier gains and withdrew the support.
The euro shrugged off the steep decline in the industrial production in Germany.
EUR/USD edged down by 0.1% to $1.0762, after dropping 0.1% on Tuesday, hitting a robust level not seen since the 14th of November at 1.0722.
USD/JPY added 0.08% to 148.07, following an earlier drop of 0.49% on Tuesday. Changes in Treasury yields often have a significant impact on the currency pair.
