On Wednesday, the major American currency almost stood still in Asia in a light regional data day with another day of testimony to Congress by the Fed chief supposed to be closely-watched to see whether she tweaks tone on interest rate comments made on Tuesday or not.
The US dollar index, traditionally estimating the greenback’s strength against a trade-weighted basket of six crucial currencies, dipped 0.02%, being worth 101.18.
The currency pair USD/JPY hit 114.28, ascending 0.02%, while AUD/USD showed 0.7675, rallying 0.18%.
Overnight, the greenback ascended against a basket of the other key currencies on Tuesday after Fed Chair Janet Yellen told in congressional testimony that the US major bank would consider lifting interest rates at its upcoming gatherings.
Janet Yellen told that a rate lift would be appropriate at one of the Fed’s forthcoming gatherings if the US economy evolves in line with hopes.
