New York-SANA

The US dollar today continued its downward journey that began last week to settle at two-month lows as the Federal Reserve is expected to cut US interest rates after a series of hikes.

The dollar index fell in Asian trading to 103.53, its lowest level since Sept. 2, extending last week's losses of close to <> percent, the worst weekly drop since July.

The U.S. central bank fixed interest rates at its last meeting in November at a range of 5.25-5.5 percent after last hiking them in July.

China's yuan hit a three-month high in domestic and international markets, supported by China's central bank, helping to lift the Australian and New Zealand dollars.

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