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The dollar rose on Wednesday, recouping part of the losses it incurred on Tuesday night as the downward trend in US bond yields stopped for a year high.
Subprime currencies, including the Australian and New Zealand dollars, retreated after posting big gains on Tuesday. Bitcoin slipped after previously exceeding $55,000 for the first time since February 22.
The euro fell 0.05% to $1.18940, recovering from its lowest in three and a half months of $1.18355 on Tuesday.
Against the yen, a traditional safe-haven currency, the dollar rose 0.2% to 108.68 yen, following its retreat from a nine-month peak of 109.235 yen.
Investors are awaiting US inflation data due out later on Wednesday.
The dollar index rose about 0.2% to 92.147 in Asia on Wednesday, after dropping sharply from a three-and-a-half-month high of 92.506 overnight. In the most recent trading, the index rose 0.1% to 92.027 in European trade.
The Australian dollar fell 0.2% to $0.7700 after jumping 1% overnight and the New Zealand dollar slipped 0.2% to $0.7156 after climbing 0.8% on Tuesday.
In the digital currency market, Bitcoin rose to 55,855 dollars on Wednesday, then fell to 54,729 dollars. It had reached a record level of 58,354.14 dollars on February 21.
