Dollar at one-month high

Tokyo, Jan. 17 (BNA): The dollar index hovered at a one-month high against a basket of currencies on Wednesday

The dollar index, a measure of the greenback against a basket of major currencies, last stood at 103.32 after climbing as high as 103.42 during the previous session, Reuters reported. 

Tuesday also saw the dollar’s biggest one-day percentage gain since January 2.


The euro was hanging near a one-month low at $1.08765 after its steepest one-day percentage drop in two weeks.

Sterling was last trading largely unchanged at $1.2641, after a sharp fall on Tuesday in the wake of data that showed British wage growth slowed in the three months through November.

The yen was under some pressure again as U.S. bond yields ticked up to support the greenback. The Japanese currency stood at 147.21 per dollar, just off its lowest since December 6.


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