The US dollar rate to other main currencies has stabilized on Wednesday, February 7 as the situation improved in the global financial markets, while investors have stopped switching to risk-off assets leading to higher share prices.
The greenback rose against other currencies, in particular, euro, after investors started switching to risk-off assets early this week on massive stock market selloffs which caused the Wall Street slump.
Today the US Dollar index was recorded at some 89.621. The US stock market rebounded some 2% yesterday after posting the largest one-day collapse over 6 years.
After the previous nosedive to the bottom of $1.2314, the euro rate improved to $1.2379 (0.02% up).
The US dollar to yen weakened to 109.16 after 0.5% upturn last night. However, the rate is still above 108.460, the bottom touched lately on dramatic stock market volatility.
The sterling increased to $1.3960, while Australian dollar, on the contrary, dropped to $0.7871.
The franc stays generally unchanged at 0.9350, with a 0.45% decline posted tonight.
The Australian dollar dropped to $0.7871 but remained above the monthly bottom at $0.7835.