By Sarah Turner, MarketWatch
SYDNEY (MarketWatch) — The dollar traded lower across the board on Monday, extending recent weakness related to a decision by the U.S. Federal Reserve to extend support measures for the economy.
The ICE dollar index DXY +0.04% , which measures the greenback against a basket of six major currencies, reached 78.801. That was down from 78.864 in late U.S. trading on Friday, which was its lowest level since May.
Last Thursday’s decision by the Federal Reserve to buy more bonds boosted demand for assets on the riskier end of the asset spectrum. The dollar has been traditionally viewed as a safe-haven asset.
The euro EURUSD -0.06% reached $1.3132, from $1.3121 in late trading at the end of last week.
The British pound GBPUSD -0.01% traded at $1.6222, from $1.6229.
Against the Japanese currency USDJPY -0.07% the dollar bought 78.28 yen, from 78.39 yen at the end of last week.
The Australian dollar AUDUSD -0.23% traded at $1.0538, from $1.0554 in late trading last week.
Sarah Turner is MarketWatch's bureau chief in Sydney.
