The dollar extended losses on Wednesday after falling against major currencies overnight as upbeat US producer price data reinforced bets on a rate cut this year.
Risk-sensitive currencies stayed strong after the unexpected softening in inflation buoyed equities, even with crucial US consumer price index (CPI) figures still looming later on Wednesday.
The dollar index – which measures the currency against six major currencies – was steady at 102.63 after slumping 0.49% overnight.
Sterling was steady at $1.2866, while the euro was flat at $1.0996 after rising to $1.099975.
The dollar was stable at 147.06 yen as it continued to consolidate around the 147 level this week.
The Aussie was little changed at $0.6637, while the kiwi edged up 0.07% to $0.6081.
Source: Qatar News Agency
