Dollar Gains in Relief Rally, Yen Lags Many Peers
A dollar gauge strengthened broadly, rising against all peers in the Group of 10. The Swiss franc and yen were among the worst performers in the group.
The Bloomberg Dollar Spot Index rose 0.6%, its best day since April 7, for a second day of gains.
Treasury Secretary Scott Bessent said that President Donald Trump hasn’t offered to take down US tariffs on China on a unilateral basis, following a news report saying that the White House was considering de-escalating its trade war with China.
AUD/USD traded 0.1% lower to 0.6363 on the mixed messages over whether or not trade tensions with China would cool in the coming months.
The Aussie was performing better than other peers in the group Wednesday.
USD/CHF rose 1.3% to 0.8298.
EUR/USD fell 0.8% to 1.1325.
Data showed private-sector activity in the euro area barely grew in April amid tariff uncertainty.
Source: Bloomberg