The US dollar was stable on Wednesday, while the Australian and New Zealand dollars hit new highs. The yuan is close to its highest level in 8 months. The rupee

The U.S. dollar held near its lowest level since February 2022 against its main competitors on Wednesday, as traders took into account accommodative hints from Federal Reserve Chairman Jerome Powell as the potential impact of the federal reserve spending bill. President Donald Trump. The greenback reached its lowest level since September 2021 against the euro, and its lowest level since January 2015 against the Swiss franc. The dollar index, which measures the value of the currency in relation to six major counterparts, rose slightly to 96.677 but did not move away from the overnight low of

The greenback held steady at 0.7906 Swiss francs, after falling to 0.7873 francs in the previous session. The dollar gained some ground against the yen, gaining 0.1% to 143.59 yen, after the 0.4% drop in the

Australian and New Zealand dollars stabilized on Wednesday after reaching new highs for the year overnight, while weak national data consolidated the already overwhelming bets for a further cut in Australian rates when the central bank meets on next week. The New Zealand dollar was slightly lower at $0.6091, after reaching $0.6120 overnight during the first break of the $0.6100 barrier since October last year

The Indian rupee depreciated on Wednesday as the dollar continued to rise, as investors focused on the prospects for trade deals ahead of the July 9 deadline, while economic data showed signs of weakness. The highly anticipated Ricans were about to be published. The rupee ended the session at 85.7025 against the US dollar, down 0.2% on the day

The yuan remained stable against the US dollar on Wednesday, trading near an eight-month high reached in the previous session, supported by a weak greenback and hopes of an easing of trade tensions between the United States and China. The spot yuan opened at 7.1652 per dollar and was last traded at 7.1658 at 02:50 GMT, 8 pips lower than the previous session's close and 0.16% lower than the midpoint. The yuan strengthened by 1.9% this year against the dollar. Over the past two months, the Chinese yuan has benefitted from signs of easing trade tensions between Beijing and Washington. The offshore yuan was trading at 7.1637 yuan to the dollar, down by about 0.04% in Asian