The US dollar fell slightly on Wednesday. While the pound sterling reached its highest level since 2022 after the publication of inflation data in the United Kingdom. The Chinese yuan is rising thanks to the latest economic stimulus measures

The US dollar fell slightly on Wednesday, extending a two-day drop against its main competitors, as President Donald Trump failed to convince reluctant Republicans to support his sweeping tax bill. The dollar fell by 0.14% to 144.31 yen at the start of the day in Asia and fell by 0.22% to 0.8264

The dollar index, which measures the value of the American currency against these four peers and two other rivals, fell slightly from 0.03% to 99.938, after falling 1.3% over two days.

The Chinese yuan appreciated against the dollar on Wednesday, extending its gains as Beijing's latest efforts to stimulate a fragile economy were further reinforced by an overall weaker American currency. At 03:07 GMT, the yuan was up 0.11% to 7.2085 per dollar after trading in a range of 7.2075 to

The offshore yuan traded at 7.207 yuan to the dollar, up about 0.11% in Asian trade.

The British pound hit its highest level in three years on Wednesday, benefiting from a brief surge due to data showing that consumer price inflation in the United Kingdom grew faster than expected in April, reducing the Bank of England's ability to quickly cut rates to prot Slight growth.

Consumer prices rose by 3.5% in April, up from 2.6% in March, according to the National Statistics Office, the highest rate since January 2024 and the largest increase since 2022, when inflation was booming. Sterling rose by 0.58% to $1.347, its highest level since February 2022, although it remained broadly stable against the euro, trading at 84.325