Investing.com - The dollar was broadly lower against the other majors currencies on Thursday, after U.S. President-elect Donald Trump’s first press conference since his victory in November fueled uncertainty over future U.S. policies.
EUR/USD gained 0.43% to 1.0627.
The greenback came under pressure after Donald Trump failed to offer details on his promises to boost fiscal spending and cut taxes at a highly-anticipated news conference on Wednesday.
The U.S. dollar had remained broadly supported in the last weeks amid expectations for higher interest rates this year.
The Federal Reserve raised interest rates in December and indicated that it expects to hike rates three more times in 2017.
Elsewhere, GBP/USD rose 0.29% to 1.2251.
USD/JPY retreated 0.92% to trade at 114.31, while USD/CHF declined 0.48% to 1.0091.
The Australian and New Zealand dollars were stronger, with AUD/USD up 0.74% at a one-month high of 0.7495 and with NZD/USD advancing 0.89% to a one-month peak of 0.7116.
Meanwhile, USD/CAD tumbled 0.90% to trade at 1.3060.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.56% at a one-month low of 101.13, pulling away from last week’s 14-year peak of 103.82.