Dollar Rises on Upbeat Economic Data

The dollar rose on Wednesday, supported by upbeat economic data, signs of easing trade tensions, and Trump’s decision earlier this week to postpone higher tariffs on the European Union.

The dollar index rose 0.25% to 99.776.

The Japanese yen held steady on Wednesday at 144.445 to the dollar, as bond market turmoil kept the spotlight on the financial strength of major economies.

The euro fell 0.2% to $1.1306, while the British pound was last trading at $1.34885.

The Australian dollar was last trading at $0.6436, and the New Zealand dollar rose 0.29% to $0.5966.