India, Aug. 18 -- The Dollar extended losses during the week ended August 15 amidst strong Fed rate cut expectations, benign consumer price growth, easing geopolitical concerns as well as fading concerns about trade tariff uncertainty.
The U.S. Dollar inter alia slipped against the euro, the British pound as well as the Japanese yen but held firm against the Australian dollar. The greenback declined against the Swiss franc and the Swedish krona but strengthened against the Canadian Dollar. The Dollar Index which measures the Dollar's strength against a basket of 6 currencies dropped less than half a percent.
From the level of 98.18 on August 8, the Dollar Index plunged 0.34 percent in a week's time. The Index which had touched a weekly hi...