WORLD CAPITALS, (Pakistan Point News - 24th Jun, 2026) The US Dollar extended gains to reach a fresh 13-month high against a basket of major currencies on Wednesday as investors sought shelter from a tech stock sell-off and positioned for Fed rate hikes.
The dollar index, which measures the greenback against a basket of currencies including the Yen and the euro, climbed to a high of 101.44, the strongest level since 13th May 2025.
The euro last traded at $1.1375 , near a one-year low, and the British pound weakened slightly to $1.3199,
The risk-sensitive Australian dollar was steady at $0.6918 ahead of the latest CPI reading later in the day. The New Zealand dollar weakened 0.05 percent to $0.5665, a fresh seven-month low.
The Japanese yen last traded at 161.57 after briefly weakening to a two-year low of 161.93 late on Monday as the greenback extended its gains. A break above 161.96 would leave the yen at its weakest level since 1986.
