According to Reuters, the US dollar index rose slightly on Wednesday, and was pulled up last day as investors adjusted their positions. The global central bank presidents will hold an annual meeting later this week. The
USD index rose 0.1% to 93.605, up 0.5% on the previous day.
USD rose on Tuesday as German investor confidence indicators were weaker than expected, putting pressure on the euro. Analysts said that investors closed positions before central bank officials met in Jackson Hall on August 24-26, which also supported the dollar.
"Before Jackson Hall meeting...Investors began to cut short positions in the US dollar," said Heng Koon How, head of marketing strategy at UOB in Singapore.
He added that before the Jackson Hall meeting, the market may enter a wait-and-see mode.
USD 0 rose 0.1% against the Japanese yen to 109.71, further away from the four-month low of nearly 108.60 yen at the end of last week.
Investors are awaiting a speech by Fed Chairman Yellen and ECB President Draghi on Friday at Jackson Hall, although neither of them is expected to send a new policy signal.
Draghi will give a speech later on Wednesday.
Euro fell 0.1% against the US dollar to 1.1748, on the defensive; fell 0.5% on Tuesday.
A survey released on Tuesday showed that German investor confidence deteriorated more than expected, helping to suppress the euro.
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