SINGAPORE/LONDON—The dollar fell across the board on Thursday with the Japanese yen, euro, and pound at their strongest against the U.S. currency in five months as bets the Federal Reserve will cut rates sharply in 2024 while avoiding a recession drove markets.
The dollar index, which measures the U.S. currency against six rivals, fell to a fresh five-month low of 100.61. The index is on course for a 2.7 percent decline this year, snapping two straight years of strong gains.
