Dollar index down in Asia trade after closing below 100

The dollar index is down in Asian trade this morning after its first close below 100 in more than a month.

The index, which tracks the greenback against a basket of peers, was off 0.1 per cent at 99.719 today. It had closed at 99.813 on Tuesday, just below the psychologically important 100-point mark for the first time since February 6.

That dip came as the US stock market suffered its biggest decline since before President Donald Trump’s election, as uncertainty over the Republican effort to overhaul healthcare fuelled concerns about prospects for the president’s pro-business agenda.