NEW YORK: The dollar edged higher against most major peers on Wednesday, pausing its recent declines, and gained sharply against the yen, which was volatile as the end of the Japanese fiscal year approaches.
The dollar index, which measures the currency against six rivals, was 0.07% higher on the day at 102.56, pulling away from the near seven-week low of 101.91 touched late last week.
The dollar rose to a one-week high against the yen, which remained volatile in the run-up to the end of the Japanese fiscal year on Friday.
The dollar was 1.03% higher at 132.275 yen.
Elsewhere, the Australian dollar slipped 0.22% to $0.6694 after a reading of Australian consumer inflation slowed to an eight-month low, adding to the case for the Reserve Bank to pause its rate hiking campaign next week.
Bitcoin rose 4.35% to $28,457, finding its feet having slid following the problems at the world’s biggest cryptocurrency exchange, Binance, which has been sued by the US Commodity Futures Trading Commission (CFTC).
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