The dollar slumped to a three-year low on Wednesday and the currency's outlook darkened further as softer-than-expected employment and services sector data affirmed expectations US interest rates would remain low this year. In early afternoon trading, the ICE Futures' dollar index dropped to 72.696, its weakest since late July 2008. The index has fallen in 11 of the last 12 sessions and lost 7.7 percent in 2011.
The single currency rose as high as $1.49404 on electronic trading platform EBS, the highest since December 2009. It was last at $1.4864, up 0.3 percent. Traders said there are options barriers at $1.4950 and $1.5000. Against the Swiss franc, the dollar fell to 0.8554 franc and last changed hands at 0.8592, down 0.2 percent. Against the yen, the dollar fell as low as 80.44, a six-week low. The Canadian dollar also fell, pushing the greenback 0.5 percent higher at C$0.9573.
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