US dollar hits 17-month high as major currencies weaken

The US dollar held steady on Wednesday at its highest level in 17 months, supported by declines in several major currencies and expectations of a third consecutive week of gains.

The dollar index, which measures the greenback against a basket of six major currencies, stood at 102.08 points, on track to rise about 1% for the week.

Meanwhile, the euro slipped to $1.1237, nearing its lowest level since May 2025 amid concerns over France's fiscal situation. The Japanese yen was steady at 158 yen per dollar.

The Australian dollar fell 0.18% to $0.6918, while the New Zealand dollar dropped 0.22% to $0.5591, its lowest since November 2025. The British pound was steady at $1.3187.