This Wednesday, the US dollar maintained its fell, while the rupee recorded a slight appreciation. The yuan For its part, reached a new high.

Globally, the US dollar held steady Wednesday near its lowest level in a week against the main currencies, before a Interest rate cut widely expected from the Federal Reserve later during the day.

The dollar lost ground again against the yen Japanese after the US Treasury Secretary, Scott Bessent, indicated that the new Japanese government was open to rate hikes from Bank of Japan, ahead of a monetary policy decision scheduled for Thursday.

The US dollar index, which measures value of the currency compared to six other currencies, remained stable at 98.681 after fell by 0.1% on Tuesday, recording a second day consecutive decline.

The Pakistani rupee recorded a slight improvement against the US dollar on the interbank market on Wednesday. TO At the close, the currency settled at 280.96, a gain of 0.01 rupees per in relation to the American dollar. Tuesday, the unit locale had closed at 280.97, its highest level in nearly six months.

The Chinese yuan hit its highest on Wednesday level in one year, driven by growing expectations of a calming of Sino-American trade tensions, while investors were waiting for the Federal Reserve's interest rate decision later during the day.

The yuan appreciated to 7.0978 for one dollar at the start of the session, a new high since November 4, 2024.

She then reduced her earnings and was traded in down by 0.04% to 7.1016 at 02:40 GMT.

The offshore yuan traded at 7.1 yuan for one dollar, down by around 0.04% on Asian markets.