The U.S. dollar fell from a two-decade high against a basket of major currencies as investors awaited a speech by Federal Reserve Chairman Jerome Powell for the latest signs on the path of monetary policy.
The Australian dollar has outperformed its advanced market peers as it follows the rise of the Chinese yuan.
The dollar index, which measures the U.S. currency’s performance against a basket of six major currencies, fell 0.19 percent to 108.42, but was not far from its highest level since September 2002 of 109.29 reached in mid-July.
The dollar fell 0.25 percent to 136.78 yen, retreating from a one-month high of 137.705 yen.
The euro rose 0.18 percent to $0.99865 after falling to $0.99005 on Tuesday.
The pound was up 0.2 percent at $1.1815 after hitting its lowest level since March 2020 at $1.1718 on Tuesday.
The Australian dollar rose 0.59% to $0.69475, up from a more than one-month low of $0.6856 this week.
The New Zealand dollar rose 0.35 percent to $0.6212 and hit a one-month low of $0.6157 on Monday.
Source: Lebanon Debate
