On Wednesday, the U.S. dollar stagnated near an 11-week low due to poor economic data and tariff concerns. While l the Chinese yuan depreciated slightly against the dollar.

The US dollar fell close to an 11-week low on Wednesday against its main competitors. The American currency fell slightly from its highest level since February 12 at $1.4318 CAD, reached during the previous session, losing 0.1% to $1.4302 CAD. It remained stable at 20.46 Mexican pesos. The US dollar index, which measures the currency in relation to six main rivals, slid 0.1% to 106.17 at the start of the Asian day, bringing it closer to Monday's low of 106.13, the weakest level

The Australian dollar fell by 0.1% to $0.6339 after data earlier today showed that annual consumer price growth remained steady in January.

The euro gained 0.1% to $1.0520, approaching Monday's high of $1.0528, a level last seen on January 27.

The yuan is falling due to renewed investor concerns about Sino-American trade relationships. According to analysts at Barclays, “this shows discomfort with the rapid fall in interest rates last December and a more urgent need to stem the yuan's weakness given the significant rate differentials between the United States and China.” At 02:56 GMT, the onshore yuan was down 0.08% to 7.2585 per dollar, and its offshore counterpart was trading at 7.2587