NEW YORK, Dec. 6 (Xinhua) -- The U.S. dollar extended losses in late trading on Thursday, as a batch of negative economic data cast a poll over investors sentiment.
The 10-year U.S. Treasury bond yield sank to 2.83 percent Thursday, extending its loss from above 3 percent on Monday.
The yield is normally seen as a barometer for borrowing costs for both the public and private sector. Analysts said such a drop reflected investors' fears of heightened market volatility and a possible economic slowdown.
Market expectations on further interest rate hikes at Fed's Dec. 18-19 meeting also waned, due to broad worries over a potential slowing economic growth caused by the inverted yield curve in U.S. Treasury notes on Tuesday.
Investors expected no more than one rate hikes from the Fed in 2019, compared with the expectations a month earlier for possibly two rate hikes, according to CME Group's FedWatch tool.
Besides, the U.S. labour market weakened by slower-than-expected job growth in the private sector in November, piling concerns over the U.S. economic growth.
Private-sector employment increased by 179,000 in November on a seasonally adjusted basis, felling short of the expected 195,000 new job posts, according to a report by ADP, an American provider of human resources management software and services.
In late New York trading, the euro rose to 1.1374 dollars from 1.1340 dollars in the previous session, and the British pound increased to 1.2776 dollars from 1.2736 U.S. dollars in the previous session. The Australian dollar decreased to 0.7222 dollar from 0.7264 dollar.
The U.S. dollar bought 112.64 Japanese yen, lower than 113.19 Japanese yen of the previous session. The U.S. dollar was down to 0.9931 Swiss franc from 0.9978 Swiss franc, and it rose to 1.3392 Canadian dollars from 1.3384 Canadian dollars. Enditem
