The dollar plunged against a broad swath of currencies on Monday as weak US manufacturing data curbed expectations that the Federal Reserve will rein in its bond purchases anytime soon. Investors pared lofty positions in the greenback after data showed output at US factories declined in May for the first time in six months. Manufacturers in China and Europe also struggled last month as demand fell, suggesting the global economy still requires support from global central banks.
In early afternoon New York trading, the dollar fell below 100 yen, hitting 98.86 yen, its lowest since May 9. It last traded at 99.24 yen, down 1.2 percent on the day. The dollar index, which tracks the greenback against a basket of currencies, was down 0.99 percent at 82.551.
The euro was last up 0.7 percent against the dollar at $1.3086, having reached a session high of $1.3107. The dollar also fell 1.1 percent to 0.9448 Swiss franc, while the Australian and New Zealand dollars both gained more than 2 percent versus the US currency.
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