U.S. dollar tanks as post-Fed momentum continues

NEW YORK, Dec. 14 (Xinhua) -- The U.S. dollar continued to suffer substantial losses on Thursday, after investors rotated out of momentum growth stocks following the U.S. Federal Reserve's dovish pivot.

The dollar index, which measures the greenback against six major peers, was down 0.88 percent to 101.9642 in late trading, hitting its weakest position since August.