Brazil is struggling on both the humanitarian and the financial frontы. As a result, Brazilian real is weakening
Evergreen buck stands tall following short-covering bounce
On Wednesday, the major US currency edged up versus a basket of crucial currencies, having obtained a boost yesterday because market participants adjusted their trading positions ahead of a global key bankers' conference.
The US dollar index, assessing the greenback versus a basket of six currencies, grew 0.1% hitting 93.605, contributing to its 0.5% revenue from yesterday.
On Tuesday, the greenback had ascended because the common currency was suppressed by a weaker-than-expected outcome on German investor confidence.
Ahead of Jackson Hole market participants have started reducing their short dollar trading positions.
The financial market will probably head for a holding pattern before the Jackson Hole symposium, as some financial experts state.
The greenback grew 0.1% hitting 109.71 yen, drifting away from a four-month minimum of 108.60 yen reached the previous week.
The common currency dropped 0.1% hitting $1.1748.
Canada will publish employment change and an unemployment rate on Friday, at 15:30 MT time.
USD/CHF and EUR/CHF rose to tactical highs. What's next?
Read the daily report to get the full market wrap!
The European Central Bank is holding a meeting on April 22 at 14:45 MT time. What to watch?
The Bank of Canada (BOC) will publish the rate statement and the update on the interest rate on April 21, at 17:00 MT time.