The dollar trimmed early gains against the yen and the euro Wednesday, but remained higher against both even as falling Treasury yields dulled the dollar’s luster.The dollar was up 0.6% on the day USDJPY, -0.14% to ¥120.71 late Wednesday in New York. The euro EURUSD, +0.0625% weakened 0.2% against the dollar to $1.1190.
As a result, several emerging-markets currencies strengthened against the dollar. The USDMXN, +0.8654% Mexican peso was recently up 0.1% to 16.82 pesos to the dollar, while the Brazilian real USDBRL, -0.0608% gained 0.6% to 3.8 real to the dollar.
The WSJ Dollar Index BUXX, +0.08% a measure of the dollar’s strength against a basket of currencies, was up 0.2% to 88.83. The ICE U.S. dollar index DXY, -0.02% another measure of the dollar’s performance against a basket of rivals, was flat at 96.008.
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