The dollar strengthened slightly on Wednesday, while the Australian and New Zealand dollars are exposed to collateral damage from the fallout from tariffs. The rise in the Indian rupee is halted. The Chinese yuan ended at its lowest level in a month. The

The dollar strengthened slightly and other currencies maintained tight ranges on Wednesday as traders anxiously awaited the details of U.S. President Donald Trump's proposed tariffs later in the day, which could set the tone for markets in the short term.

Australian and New Zealand dollars were left drifting on Wednesday as investors await details about U.S. tariffs that could well trigger a global trade war, dampening economic growth and commodity prices. The next major downside target is $0.6185, while the resistance is at $0.6330. The New Zealand dollar strengthened slightly to $0.5709, after rebounding from a low of $0.5646 earlier in the

The Indian rupee rally that brought the currency to its highest level in three months is expected to end on Wednesday in the countdown to a tariff announcement planned by the United States.