The Dollar is Falling For a Second Day as Investor Concerns About The Situation in Ukraine Recede

The dollar fell on Wednesday for the second day in a row as investors eased concern about the possibility of Russia’s invasion of Ukraine and awaited the minutes of the Federal Reserve (US Central Bank) meeting for the month of January.

Movements were small in the currency markets, and the dollar index was down 0.2 percent on Wednesday and was at 95,847 by 1213 GMT.

As oil prices recovered, the Canadian dollar rose slightly against the US dollar and the Norwegian krone rose.

The Australian dollar rose 0.4 percent to $0.7177, while the New Zealand dollar rose slightly on the day.

The yen fell against the dollar and recorded 115.700.

The euro rose 0.2 percent on Wednesday to $1.13825.

The pound rose 0.1 percent against the dollar to 1.35605 dollars, but it stabilized against the euro after data revealed that British inflation recorded its highest rate in 30 years at 5.5 percent.

As for digital currencies, there was little change in Bitcoin, and it fell 1.1 percent to $44,098.