The dollar found support in Asia on Wednesday as investors dialed back expectations of US rate cuts as fear of a banking crisis ebbed and another stubbornly high inflation print landed.
In early trade, the dollar selling of the past two sessions had abated, and the greenback rose about 0.2% on both the euro and yen. That carried it to 132.52 yen and $1.0729 against the common currency, sterling, up about 1% for the week, steadied at $1.2149.
The New Zealand dollar dipped 0.2% to $0.6225, and the Aussie, up 1.5% for the week so far, was flat at $0.6682 as investors caught their breath. (QNA)
Source: Qatar News Agency