: The index declined steadily as the session wore on after briefly touching a three-week high around 7 a.m, according to Market Watch. Eastern. The ICE U.S. dollar index DXY, +0.08% a measure of the buck strength against a basket of six rivals, was flat at 97.4840 late Wednesday in New York. Read:The pound just hit a 7-year low -- and there no revival in sight Investors have ditched risky assets like stocks and bought up the Japanese yen as oil prices plunged and weak data suggested one of the primary drivers of U.S. economic growth faltered in February. But we’re also seeing a reversal from the last couple of days. The flight to safety is continuing to support the Japanese yen, said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange.
(news.financializer.com). As
reported in the news.
Tagged under , topics.