The dollar slipped to a new one-month low against the yen as sour data from the US continued to point at an uneven recovery. Personal spending rose less than expected and gave no reason for investors to cheer as hopes for a raise in interest rates by the Federal Reserve stayed muted.

Wall Street shares inched lower while Treasury bonds gained pushing yields lower, and Asian markets slumped on doubts about the strength of the US economy. The ten- year Treasury yield slipped to a three-week low, putting pressure on the greenback. The Dollar Index (DXY) plummeted to its lowest since May 21st by 80.09.

USD/JPY dropped to 101.31 overnight, down almost 0.40 percent on the day. The buck was also under pressure against the Aussie, kiwi and the European single currency. EUR/USD edged higher to 1.3634 after slipping to 1.3576 yesterday before the US data.

New Zealand’s dollar edged closer to its record high against the greenback. NZD/USD rose to 0.8794 and AUD/USD touched 0.9441.