The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, attracts sellers for the third straight day and drops to a nearly three-week low, around the 98.70-98.65 area, during the early European session on Wednesday.
The Indian Rupee (INR) extends its decline against the US Dollar (USD) on Wednesday after a sharp correction the previous day. The USD/INR pair jumps marginally above 95.00 as surging energy prices have battered the Indian currency significantly.
USD/CHF loses ground for the third consecutive day, trading around 0.8090 during the Asian hours on Wednesday. The pair remains subdued as the US Dollar (USD) holds losses despite a hawkish tone surrounding the Federal Reserve (Fed) policy outlook.