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Having fallen against the yen this week, the dollar fell even further in this morning's trading.
The US currency fell against its Japanese counterpart from 97.19 yen to 97.38, according to Reuters.
Its continued drop came as data from the US government showed a larger slowdown in the US economy than had previously been anticipated.
A contraction of 6.2 per cent was experienced in the fourth quarter, exceeding expectations on the market.
Adam Fazio, senior currency strategist at CIBC World Markets, advised traders that the economic development is "more negative news on the US and the risk aversion trade remains in force, which means you've got to turn around and buy the dollar".
