Thursday, June 22, the dollar approached its lowest level in a month against a basket of currencies, after US Federal Reserve Chairman Jerome Powell stuck to his usual messages in his semi-annual testimony, which did not include surprises.
The British Pound rose near its highest level in a year before the Bank of England's interest rate decision was announced later.
A report on inflation, which continues to be high, released Wednesday (June 21st) is likely to keep policymakers on their toes.
And the dollar index settled in the latest transactions at 102.09 points, close to its lowest level in 5 weeks at 102 points, after falling by nearly 0.5% in the previous session.
Trading in Asia was on a narrow scale, with stock exchanges in Hong Kong and China closed for holidays.
The euro rose to the highest level in more than a month at 1.0995 against the dollar, to continue its rise after rising 0.65% on Wednesday, June 21.
The British pound fell 0.1% to 1.2755 against the dollar.
The Bank of England is set to raise interest rates for the 13th time in a row later Thursday, June 22, a day after data revealed that inflation was higher than expected.
Dealers are divided between raising it by 25 and 50 basis points.
The dollar fell 0.05% to 141.81 against the yen, after touching a 7-month peak of 142.37 against the Japanese currency in the previous session.
And the Chinese yuan stabilized in foreign transactions, Wednesday, June 21, at its lowest level in 7 months, and recorded in the latest transactions 7.1823 against the dollar.
The Australian dollar fell 0.51% to 0.6762 against the dollar, and the New Zealand dollar fell 0.2% to 0.6190 against the US currency.
