According to the latest figures, the US dollar has weakened against a basket of major currencies early in Asia on Thursday to about its lowest level in four months.

The dollar was under pressure due to investor uncertainties over Federal Reserve's stimulus programme. The dollar index, was trading at 80.936 after falling to as low as 80.748, which is its lowest level since 20 February, 2013. The index has fallen 4 per cent from a high of 84.498 set on 25 May, 2013.

The US dollar fell against the Euro and it was trading at near four-month high around $1.3359. The Japanese Yen was trading at 95.94 after trading at a low of 95.13. The euro was little changed at 127.98 yen after trading between
126.00 and 132.00.

The Australian dollar also rose against the dollar trading above $0.9500, after a low of $0.9325. The Australian national currency has since moderated to trade at $0.9465. The New Zealand dollar was higher at $0.7953 after touching a one year low of $0.7761 earlier this week against the American currency. RBNZ Governor, Graeme Wheeler has indicated that the central bank might intervene if the New Zealand dollar rises further.