This Wednesday, the dollar remained stable, while the yen fluctuates. The New Zealand dollar and the rupee are falling. The yuan China briefly reached its highest level in nearly 33 months. The euro traded at $1.1814 at the start of trading.

After the rapid end of a partial paralysis of government, while the yen hovered near its lowest level in two weeks before what is shaping up to be an unpredictable national election this At the weekend, the US dollar remained stable on Wednesday. The dollar index, which measures the value of the greenback in relation to six major currencies, stood at 97.43, not far from its highest level in a week, at 97.73, reached on Monday. The index fell by 1% in January after a drop of 9.4% last year.

The New Zealand dollar a pulled back on Wednesday after the publication of a mixed report on employment, thus strengthening the case for maintaining short-term interest rates term, while the Australian dollar held close to its highs levels in three years thanks to a rise in rates.

The New Zealand dollar fell by 0.1% to 0.6038 $, after gaining 0.8% overnight to a high of 0.6064 $.

The Australian dollar was up 0.1% at $0.7030, after jumping 1.1% overnight to reach a high of $0.7050. Against the low-yielding yen, the Australian dollar rose by 0.6% to reach a record high of 109.80 yen. UBS is now expecting a RBA rate hike in May, bringing forward its previous forecast of a increase in August. The dollar Australian traded at $0.7028 after a sharp rise by 1% at the previous session, following the decision of the Bank of Reserve Australia to raise interest rates. The markets are thus anticipating further increases this year. The New Zealand dollar fell slightly at $0.604.

The euro traded at $1.1814 at the start of trading session, while the pound sterling held steady at 1.3693 dollars before the monetary policy meetings of the European Central Bank and from the Bank of England on Thursday.

The yen weakened slightly on Wednesday to 156.06 for one dollar, approaching its lowest level since January 23, date when the currency appreciated sharply, from 159.23 to one dollar, amid speculation that the Federal Reserve of New York was carrying out rate checks, which could mean a possible intervention on the yen market.

LA rupee Indian is expected to weaken at the opening on Wednesday after registering its biggest rise in a single day in seven years following the trade agreement with the United States, currency traders citing potential dollar purchases by big businesses.

The undeliverable 1-month forward contract stated that the rupee would open in the range 90.35-90.40 against the dollar American, after climbing 1.36% on Tuesday to 90.2650.

The rise in the rupee, fuelled by the deal commercial, has run out of steam around the 90 threshold, a level which, according to bankers, should trigger major dollar purchases by importers.

The currency hit an intraday high of 90.0450 before falling back, while a major Indian conglomerate and others big companies have been seen buying dollars, according to bankers.

The Chinese yuan briefly reached its highest level in nearly 33 months against the dollar, supported by firmer guidance from the central bank, although the correction was weaker than expected and seen by investors as an attempt to contain currency gains. On the spot market, the onshore yuan has reached a high of 6.9310 per dollar, its highest level since May 11, 2023, before reducing its gains to 6.9377 at 04:02 GMT.

Its offshore equivalent was down by around 0.01% during Asian trading, to 6.9346 for a Dollar at 04:02 GMT