dollar reverses its uptrend direction after hitting new multi-month highs against the franc and the euro at 8:45 pm ET Wednesday following the US President Barack Obama's State of the Union address. Dollar also slid from a 2-day high vs yen, and weakened against the pound.
The dollar that climbed against its European and Swiss counterparts in early Thursday Asian trading lost ground after reaching new multi-month highs of 1.3939 and 1.0558, hit respectively at 8:45 pm ET.
At present, the dollar is worth 1.4013 against the euro and 1.0518 against the franc, compared to yesterday's New York session close of 1.4023 and 1.0501, respectively.
At 10:05 pm ET, the dollar touched 1.6231 against the pound, falling from an early Thursday Asian session high of 1.6138 Cable that closed Wednesday's deals at 1.6172 is presently quoted at 1.6220.
After reaching a 2-day high of 90.41 against the yen at 9:05 pm ET Wednesday, the dollar moved sideways. As of now, USD/JPY pair is worth 90.33, up from yesterday's close of 90.0.