The Dollar Nears Its Lowest Levels in Four Years
The U.S. dollar was trading close to its lowest levels in four years this Wednesday during the early hours of Asian exchanges, amid a strengthening of major currencies against the American dollar.
Decline in the Dollar Index
The dollar index, which measures the performance of the U.S. currency against six major currencies, stood at 95.964 points after falling more than 1% during the previous session, hitting a four-year low of 95.566 points.
Euro and British Pound Reach Highs
The euro crossed the 1.2-dollar mark for the first time since 2021, before slightly pulling back to 1.2015 dollars. Meanwhile, the British pound approached its highest level since 2021, settling at 1.3823 dollars.
Aussie Dollar Rises, Yen Declines
The Australian dollar climbed to 0.70225 U.S. dollars, reaching its highest level since February 2023, while the Japanese yen fell below the 153 mark to settle at 152.23 yen per dollar.
