Weak manufacturing activity in New York State, along with the fall in American stocks, prompted investors to buy U.S. Treasuries. Thus, the dollar falls and the Indian rupee finishes with little change

The dollar was little changed at 149.135 yen, not far from Monday's high of 149.98 yen, the highest since Aug. 1.

The euro fell 0.05% to $1.08875, and touched $1.0882 earlier, matching Tuesday's low, which was the weakest level since August 8.

The Indian rupee is expected to open largely unchanged on Wednesday, staying below the 84 mark amid a sense of risk aversion and a slight fall in the US dollar. The 1-month undeliverable futures contract indicated that the rupee would open at 84.04-84.05 per US dollar compared to 84.0375 in the previous

The dollar index fell slightly, down from its two-month highs. Asian currencies rose, boosted by lower U.S. Treasury yields

Australian and New Zealand dollars fell on Wednesday, as skepticism grew over stimulus from China, its main trading partner, while the greenback hovered near its two-month peaks versus its main peers, on bets that American interest rate cuts will be progressive.

Aussie fell 0.51% to $0.6669, the lowest since September 12, before losing 0.38% to $0.6678 at 01:33 GMT.

The New Zealand dollar fell by 0.69% to $0.6041, a level last seen on August 19. It last traded down 0.53% to $0.6051.

The Chinese yuan stabilized against the dollar on Wednesday after sliding to its lowest level in a month in early exchanges, buoyed by hopes of recovery, while attention was also focused on the risks of tariffs posed by a possible return of the Trump presidency during the American elections next month. At 03:51 GMT, the yuan was up 0.08% at 7.1135, after falling to a low of 7.1250 per dollar during morning trading, the weakest

The offshore yuan traded at 7.1235 yuan to the dollar, up about 0.19% in Asian trade.

The Chinese yuan weakens to a month's lowest level due to weak data and Fed rate bets

The yuan lost 1.3% of its value against the dollar this month and 0.2% this year. It has been under pressure since the beginning of 2023, with domestic difficulties linked to a moribund real estate sector, anemic consumption and falling yields leading to capital outflows