This Wednesday, the US dollar stabilized with ongoing trade negotiations. While Australian and New Zealand dollars maintain solid gains. The Indian rupee is expected to rise due to the weakness of the US dollar and the Chinese yuan is expected to fall, after reaching its highest level.

The US dollar stabilized on Wednesday after its biggest drop in more than three weeks overnight, with weaker-than-expected US consumer inflation data strengthening the case for easing the Federal Reserve amid tensions global trade is weakening. The dollar was stable at 147.45 yen, while the euro and sterling were little changed at $1.1188 and $1.3311 respectively. The currency remained stable at 0.8390 Swiss francs and held steady at 7.1928 Chinese yuan on offshore markets, after reaching a six-month low of 7.1791 yuan on Tuesday. The US dollar index, which measures the currency against six major peers, was stable at 100.94 at 00:42 GMT, after falling 0.8% on Tuesday

Australian and New Zealand dollars benefitted from strong gains on Wednesday, as the United States and China eased tariff tensions, improving global economic prospects and triggering a rebound in commodity prices. The fall in the US dollar also worked in their favor.

The Indian rupee is expected to open higher on Wednesday, helped by a weaker dollar following weak US inflation data and by expectations that the one-off outflows seen in the previous session may not be repeated. The 1-month undeliverable futures contract indicated that the rupee would open at 85.00-85.04 per US dollar, up from 85.33

The Chinese yuan fell on Wednesday versus its American counterpart, after reaching a six-month peak, under pressure from growing demand for dollars from businesses and foreign buyers after the recent drop in the greenback. At 03:13 GMT, the onshore yuan was down 0.18% to 7.2169 per dollar. On Tuesday, it hit its highest level in six months at 7.1855. Its offshore counterpart was down by around 0.22% in Asian trading at 7.2133 at 03:13