The dollar rose to a 10-month high against its major peers on Wednesday, toppling the euro and sterling to 6-month lows and pushing the yen deeper into intervention territory, as the prospect of higher-for-longer US rates gripped markets.
The euro was last 0.14% lower at $1.05575, after slumping to a six-month low of $1.05555 earlier in the session.
Sterling was similarly down 0.09% at $1.2146 after hitting a six-month trough of $1.2141 earlier on Wednesday.
The US dollar index meanwhile peaked at a 10-month high of 106.30.
The elevated US yields have spelt trouble for the yen , which edged marginally higher to 149.03 per dollar, after having slipped to a 11-month low of 149.185 on Tuesday.
Some experts believe that exceeding the threshold of 150 yen per dollar may force the Japanese authorities to intervene to support the currency, as they did last year.
Elsewhere, the Aussie fell 0.20% to $0.6385, and the New Zealand dollar slipped 0.23% to $0.5931.
Source: Qatar News Agency