Dollar is recovering as investors await more indicators on the US Central Bank’s path

The US dollar recovered from some of the sharp losses it incurred in the previous session, as investors awaited more data from the labor market for indications of the Federal Reserve’s policy path.

The dollar index, which measures the performance of the US currency against a basket of six major currencies including the yen and the euro, rose 0.09 percent to 103.64.

The index fell 0.39 percent on Tuesday, the worst daily performance in a month and a half.

The dollar increased 0.23 percent to 146.205 yen.

The euro fell 0.18 percent to $1.0860 after increasing 0.56 percent on Tuesday evening.

The Australian dollar fell 0.46 percent, and was little changed later in the session and was traded for $0.64775.

The Chinese yuan fell slightly in external transactions and was traded at 7.3002 against the dollar, but it remained much higher than the low level it recorded on August 17 at 7.3490.

As for digital currencies, Bitcoin fell 0.94 percent to $27,465 after rising by more than $2,000 in the previous session, approaching the highest level in two weeks at $28,142.