Dollar loses ground but still heads for best quarterly performance in a year

Dollar fell off ten-month highs against a basket of major rivals while on track for the largest quarterly profit this year, giving the yen a chance today to recoup amid concerns the Japanese government will intervene in the forex market.

The dollar index fell 0.4% to 105.70, but still headed for a 2.8% quarterly profit, following the 11th weekly profit in row.

US treasury yields fell today off multi-year lows in turn robbing the dollar of its support.

Recent extensive gains by US treasury yields and oil prices helped boost dollar's standing against almost all rivals. 

Now investors await important data on US consumer spending later today on Friday.

Yen is pressured as it approaches 150 with Japanese authorities likely to intervene then. 

Otherwise, the UK pound rose 0.6% today to 1.2268 against the US dollar away from March 17 lows after recent data showed the UK economy is more resilient than expected.