The dollar steadied against other major currencies today, with key US inflation data expected later in the day.
The dollar index – which measures the US currency's performance against six major currencies – fell 0.07 per cent to 106.83.
The dollar was little changed against its Canadian counterpart at 1.4052 Canadian dollars, down from the highest level in four and a half years recorded yesterday, Tuesday, at 1.4178 Canadian dollars.
The dollar remained well off yesterday's peak against the Mexican peso, after touching its highest level since July 2022 in the previous session. The euro was little changed and hit $1.0493, while the British pound rose 0.05 percent to $1.25735 in the latest trade. While the yen maintained gains from safe haven demand.
The New Zealand dollar rose after the Reserve Bank of New Zealand cut benchmark interest rates by 50 basis points to 4.25 percent.
The Australian dollar was almost flat at $0.64755 after consumer price inflation hit a three-year low in October.
In terms of cryptocurrencies, Bitcoin was trading at $91,795, well below the record high of $99,830 recorded last week.