The ICE-calculated index showing the U.S. dollar’s performance against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona) is up 0.25% in the morning session.
The euro/dollar pair is trading at $1.0834 as of 9:20 a.m. Q, versus $1.0847 at the close of Tuesday’s session, with the euro losing about 0.1%.
The pound sterling is down 0.15% and is trading at $1.2322 versus $1.2342 at the close of last session.
The dollar-yen exchange rate jumped 0.8% to 131.96 yen against 130.88 yen the day before.
The active growth of the dollar against the yen was due to a decrease in demand for protective assets, including the Japanese currency, on fears weakening on the expansion of the banking crisis and its impact on the global economy, writes Trading Economics.
The Australian dollar fell 0.5% against the U.S. dollar to $0.6676.
As reported, inflation in Australia slowed to 6.8% in February from January’s 7.4%. Analysts had expected a more moderate slowdown to 7.1%. The February figure was the lowest since last June.
