Jan 3, 2024: The U.S. dollar continued its ascent on Wednesday, building on the previous day’s gains, supported by heightened U.S. Treasury yields and a cautious atmosphere that subdued Wall Street sentiment.
Market activity remained relatively restrained, notably with Japanese markets closed for a holiday, as investors awaited significant U.S. economic data later in the day. Key releases, including the minutes from the Federal Reserve’s December meeting, were anticipated to guide market movements.
The euro declined by 0.2% against the dollar, reaching $1.092, its lowest level since December 19. It marked a significant 0.95% drop on Tuesday, marking its most substantial daily decline since July.
