The US dollar has gained grounds vs the majors in the midweek. At the same time, the Japanese currency weakened affected by decreasing demand for safe heavens on optimistic Wall Street figures.
According to the released statistics, the key Wall Street indixes added more than 2%, with large companies posting positive performance. As a result, this can mean that the US economic situation keeps improving even under higher interest rate and trade war issues.
The US Dollar index increased to 94.95 today.
The sterling dropped vs the US dollar to $1.3145, while earlier it posted some upturn by 0.25%.
The euro-to-US dollar exchange rate plunged from $1.1622 recorded yesterday to 1.1566.
The greenback was generally stable vs the yen at 112.26 on Wednesday.
According to the recent reports, the USA managed to ramp up industrial production for the fourth month in September, though the pace is slower in Q3.
Interest rate futures reflects that the Federal Reserve will most likely raise the rate once again this December.
Today the market expects the minutes of the September Federal Reserve meeting, as the report can show further US dollar trend and perspectives of the further interest rate revision.