The U.S. dollar held onto its gains during early Asian trading on Wednesday, remaining close to its highest levels in two weeks against a basket of major currencies.
The dollar index, which measures the performance of the U.S. currency against six major currencies, stabilized at 102.22 points. This level is near the highest recorded since October 28.
The dollar continued to show strength against other major currencies. The euro remained steady at 1.1168 dollars, while the British pound held at 1.3345 dollars.
Against the Japanese yen, the dollar recorded 158.715 yen with little change. The Australian dollar increased by 0.1 percent, reaching 0.6870 dollars, moving away from its lowest level in seven months. Meanwhile, the New Zealand dollar remained stable at 0.5605 dollars.
In the cryptocurrency market, Bitcoin fell by 0.3 percent to 73,566.45 dollars. Ether also saw a decline, dropping by 0.5 percent to 2,044.61 dollars.
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