On Wednesday, the evergreen buck staged a mild recovery in Asia, with China manufacturing noted, though attention turning the Federal Reserve statement following its fresh monetary policy review, but Fed Chair Janet Yellen isn’t scheduled to hold a press conference.
The US dollar index, assessing the US dollar’s strength against a trade-weighted basket of six crucial currencies, tacked on 0.08%, trading at 99.61.
The currency pair USD/JPY inched up 0.20%, being worth 113.02 after on Tuesday, the Bank of Japan raised its outlook for growth and also held policy intact. GBP/USD soared 0.69%, hitting 1.2572, while EUR/USD leapt 0.01%, showing 1.0798.
The currency pair AUD/USD dipped 0.37%, being worth 0.7558 with the currency closely watched due to the country’s strong trade ties to China.
Overnight, the greenback held weaker, with comments on trade from the Trump administration applying pressure on sentiment and traders looking ahead to the latest Fed views on rates on Wednesday.
