The dollar fell to a one-month low against a basket of currencies on Friday after US President Donald Trump called for interest rates to fall and suggested a potentially softer stance on tariffs against China.
The dollar index fell 0.7 per cent to its lowest level since mid-December, after Trump said he knew rates “much better” than the Federal Reserve and would like to see them fall “a lot”.
The euro, which has fallen sharply in recent months, jumped 0.8 per cent to $1.05 while sterling gained 0.7 per cent at $1.243.
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