Dollar falls amid holiday thin market

US dollar fell against most of the majors on today's holiday-thin trading, as a number of global markets closed on the Easter holiday.

US President Donald Trump announced that his Federal Reserve nominee Herman Cain has withdrawn from his candidacy for the Federal Reserve Board, citing the controversy surrounding his nomination.

On the other hand, stock and bond markets in Germany, France, Australia, Italy, the UK, and Hong Kong were closed to celebrate the Easter holiday and will resume their activities tomorrow.

Meanwhile, the markets are focusing on the impact of Trump's decision to suspend waivers for Iranian oil importers, which means further pressure on Tehran's oil exports.

The dollar index (against a number of major currencies) fell by 0.1% to 97.2 points at 17:02 GMT, reaching a high of 97.4 points and a low of 97.2 points.