/www.fxserver.com/ The dollar was weak midday on fears over the US economy, and continued worries over currency policy despite comments from a White House spokesperson that its strong-dollar position is unchanged, dealers said.
"Basically speaking, the US dollar, overall, is still very weak. The euro/dollar is still just below 1.03," said Kosuke Hanao, head of forex sales at Royal Bank of Scotland.
"We had a kind of warning comment from US officials. But the major factor in the weak dollar is not the US officials' currency policy, but it is because of the weak US economy such as the weak employment figures last week," he said.
"People are worried the White House would change its currency policy from a strong dollar to a weak dollar or neutral stance. But on the other hand, people are also worried about a weak US economy," he added.
"People are waiting for figures over the next month. We also still have an unclear situation in the Middle East. That is another factor behind a weak dollar," Hanao said.
Tokyo 12.00 pm Sydney 11.15 am New York 3.30 pm
Dollar
yen 121.36 down from 121.58 121.27
sfr 1.4278 down from 1.4296 1.4275
Euro
usd 1.0273 up from 1.0266 1.0281
stg 0.6436 up from 0.6428 0.6433
yen 124.67 down from 124.82 124.67
sfr 1.4667 down from 1.4676 1.4776
Sterling
usd 1.5960 down from 1.5972 1.5980
yen 193.69 unchanged 193.69 193.78
sfr 2.2787 down from 2.2996 2.2811
Australian dollar
usd 0.5666 up from 0.5656 0.5656
stg 0.3550 up from 0.3541 0.3539
yen 68.76 unchanged 68.76 68.59